These summarized data were obtained from the accounting records of Hamberg Company at the end of its fiscal year, September 30:

Compute the following for 2018 given the data provided:A. Activity ratios.B. Liquidity and solvency ratios.

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Cash Accounts receivable Inventory All other assets Accounts payable Bank note payable, due in 90 days Note payable, due in eight years Sales Cost of goods sold Operating expenses 2018 2017 $ 60,400 $40,800 298,000 192,000 280,400 135,900 871,800 500,250 263,200 164,250 120,000 54,000 68,600 27,500 1,961,600 1,655,000 71,200