From the income statement and balance sheet of Andrews Company (Figures 22.14 and 22.15), compute the following for 2021: 

(a) Current ratio, 

(b) Acid test ratio, 

(c) Accounts receivable turnover, 

(d) Average collection period, 

(e) Inventory turnover, 

(f) Asset turnover, 

(g) Debt to total assets, 

(h) Debt to stockholders’ equity, 

(i) Times interest earned, 

(j) Gross profit rate, 

(k) Return on sales, 

(l) Return on total assets, and 

(m) Return on stockholders’ equity. Assume all sales are on credit.

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ANDREWS COMPANY COMPARATIVE INCOME STATEMENT FOR YEARS ENDED DECEMBER 31, 2021, AND DECEMBER 31, 2020 Net Credit Sales Cost of Goods Sold Gross Profit from Sales Operating Expenses: Selling General and Administrative Total Operating Expenses Operating Income Less Interest Expense Income Before Taxes Income Taxes Net Income December 31 2021 $420 0 0 0 00 236 0 0 0 00 $ 184 0 0 0 00 2020 $ 382 0 0 0 00 21700000 $ 165 0 0 0 00 $ 124 4 0 0 00 $ 112 0 0 0 00 19 6 0 0 00 2440000 $ 144 0 0 0 00 $ 136 4 0 0 00 $ 400 0000 $ 2860000 820000 660000 $3180 000 $ 220|0|0|00 954000 880000 $ 2226000 $ 1320000