Data for the Ray Shio Corporation is provided below:

Data for the Ray Shio Corporation is provided below:

Data for the Ray Shio Corporation is provided below:

Ray Shio Corporation

Balance Sheet

As of December 31, 1999 (in millions)

Cash	$100	Accounts payable	$300
Marketable securities	300	Other current liabilities	200
Accounts receivable	600	Long-term debt	500
Inventory	1,000	Common stock	2,000
Net plant and equipment	4,000	Retained earnings	3,000
Total assets	$6,000	Total liabilities and equity	$6,000

Ray Shio Corporation

Income Statement

For Year Ending December 31, 1999 (in millions)

Sales	$12,000
Cost of goods sold*	10,800
Gross profit	$1,200
Administration expenses	150
Earnings before interest and taxes	$1,050
Interest expense	50
Earnings before taxes	$1,000
Taxes	400
Net income	$600
* Includes depreciation of $800

Calculate the following ratios for the Ray Shio Corporation:

a. Current ratio b. Quick ratio

c. Inventory turnover ratio d. Total asset turnover ratio e. Gross profit margin

f. Operating profit margin g. Net profit margin

h. Debt-to-assets ratio i. Debt-to-equity ratio

j. Return on assets (basic earning power)

k. Return on equity

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