Financial Statements for Lowe Company Appear Below:
Lowe Company

Financial statements for Lowe Company appear below:
Lowe Company
Statement of Financial Position
December 31, Year 2 and Year 1
(dollars in thousands)
$\begin{array}{|l|r|r|}\hline & \text { Year } 2 & \text { Year 1 } \\\hline \text { Cash } & \$ 45 & \$ 30 \\\hline \text { Accounts receivable, net } & \$ 3 & \$ 40 \\\hline \text { Inventory } & \$ 67 & \$ 60 \\\hline \text { Long term investments } & \$ 162 & \$ 150 \\\hline \text { Land } & \$ 128 & \$ 100 \\\hline \text { Building } & 98 & 50 \\\hline \text { Total Assets } & \$ 538 & \$ 430 \\\hline & & \\\hline \text { Accounts Payable } & \$ 36 & \$ 40 \\\hline \text { Notes Payable, Short Term } & \$ 24 & \$ 30 \\\hline \text { Bonds Payable } & \$ 35 & \$ 50 \\\hline \text { Mortgage payable } & \$ 100 & -0 \\\hline \text { Preferred Shares, } 12 \% & \$ 100 & \$ 100 \\\hline \text { Common Shares } & 195 & \$ 170 \\\hline \text { Retained Earnings } & \$ 48 & \$ 40 \\\hline \begin{array}{l}\text { Total Liabilities \& } \\\text { Shareholder's'Equity }\end{array} & \$ 538 & \$ 430 \\\hline\end{array}$
$\begin{array}{|l|r|}\hline&\begin{array}{r}\text { Lowe Company } \\\text { Income Statement } \\\text { For the Year Ended December 31, Year 2} \\\text { (dollars in thousands) }\end{array}\\\hline \text { Sales (All on Account) } & \$ 145 \\\hline \text { Costs of Goods Sold } & \$ 74 \\\hline \text { Gross Margin } & \$ 71 \\\hline \text { Operating Expenses (including interest } & \$ 16\\\text { expense of } \$ 5,000) & \\\hline \text { Net Income before Taxes } & \$ 55 \\\hline \text { Income Taxes }(40 \%) & \$ 22 \\\hline \text { Net Income } & \$ 33\\\hline\end{array}$
Total dividends paid during the year were $25,000,of which $12,000 was paid to the preferred shareholders.
Required:
Calculate the following for Year 2:
a)Current ratio.
b)Acid-test (quick)ratio.
c)Average collection period (age of receivables).
d)Inventory turnover.
e)Return on total assets.
f)Times interest earned.
g)Debt-to-equity ratio.