Current Attempt in Progress Sage Companys condensed financial statements provide the following information....

Sage Companys condensed financial statements provide the following information.

SAGE COMPANY Balance Sheet
	Dec. 31, 2025	Dec. 31, 2024
Cash	$52,500		$60,200
Accounts receivable (net)	198,000		80,400
Short-term investments	80,400		40,200
Inventory	442,500		363,000
Prepaid expenses	3,000		7,000
Total current assets	$776,400		$550,800
Property, plant, and equipment (net)	852,400		850,200
Total assets	$1,628,800		$1,401,000
Current liabilities	244,200		168,400
Bonds payable	396,800		396,800
Common stockholders equity	987,800		835,800
Total liabilities and stockholders equity	$1,628,800		$1,401,000

Income Statement For the Year Ended 2025
Sales revenue		$1,632,500
Cost of goods sold		(806,800)
Gross profit		825,700
Selling and administrative expenses		(437,600)
Interest expense		(40,100)
Net income		$ 348,000

(a) Determine the following for 2025. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.)

(1)	Current ratio at December 31	enter a number of times rounded to 2 decimal places	times
(2)	Acid-test ratio at December 31	enter a number of times rounded to 2 decimal places	times
(3)	Accounts receivable turnover	enter a number of times rounded to 2 decimal places	times
(4)	Inventory turnover	enter a number of times rounded to 2 decimal places	times
(5)	Return on assets	enter percentages rounded to 2 decimal places	%
(6)	Profit margin on sales	enter percentages rounded to 2 decimal places	%

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