The partial financial statement items below were taken from the financial statements of Calibar Company.

The partial financial statement items below were taken from the financial statements of Calibar Company. This account information can be used to correctly solve each of the ratios below. The information is in alphabetical order.

Accounts payable                                  $5,000     Net sales                 $100,000

Accounts receivable                             $18,000     Other current liabilities   $4,000

Average common shares outstanding        5,000     Salaries payable            $4,000

Cash                                                     $8,000    Stockholder's equity     $33,000

Gross profit                                          $38,000    Total assets                 $66,000

Net income                                          $10,000

Instructions: Compute the following.

a) Current ratio

b) Working capital  

c) Earnings per share

d) Debt-to-total-assets ratio 

To earn full credit, you must show the formula you are using, show your computations, and explain the meaning of each of your ratio results.