From the Balance Sheet and Income Statement Information below, calculate the following ratios:
[a.] Return on Sales
[b.] Current Ratio
[c.] Inventory Turnover – If there are no beginning inventory or ending inventory figures, then use the Merchandise Inventory figure.

ABC INC. Income Statement Year Ended December 31, 2018
Net Sales Revenue $20,941
Cost of Goods Sold 7,055
Gross Profit 13,886
Operating Expenses 7,065
Operating Income 6,821
Interest Expense 210
Income Before Taxes 6,611
Income Tax Expense 2,563
Net Income $4,048

ABC INC. Balance Sheet December 31, 2018 Assets
Current Assets
Cash $2,450
Accounts Receivable 1,813
Merchandise Inventory 1,324
Prepaid Expenses 1,709
Total Current Assets 7,296
Long-Term Assets 18,500
Total Assets $25,796

Liabilities
Current Liabilities $7,320
Long-Term Liabilities 4,798
Total Liabilities 12,028

Stockholders’ Equity
Common Stock 6,568
Retained Earnings 7,200
Total Stockholders’ Equity 13,768
Total Liabilities & Stockholders’ Equity $25,796

1. NOTES: 1- Round up
2- Your responses should be in the following formats

a. XX% b. x. xx c. x. xx