Financial ratios for the Armada Company from comparative balance sheet data and selected accounting transactions.

Armada Company has these comparative balance sheet data:

ARMADA COMPANY
Balance Sheets
December 31

                                                       2010                            2009
Cash                                            $25,000                       $30,000
Receivables (net)                           65,000                         60,000
Inventories                                      60,000                         50,000
Plant assets (net)                          200,000                       180,000

                                                    $350,000                      $320,000

Accounts payable                           $50,000                        $60,000
Mortgage payable (15%)                100,000                        100,000
Common stock, $10 par                  140,000                        120,000
Retained earnings                             60,000                          40,000

                                                       $350,000                      $320,000

Additional information for 2010:
1. Net income was $25,000.
2. Sales on account were $375,000. Sales returns and allowances amounted to $25,000.
3. Cost of goods sold was $198,000.
4. Net cash provided by operating activities was $48,000.
5. Capital expenditures were $25,000, and cash dividends were $18,000.