Frizell Company has the following comparative balance sheet data.

FRIZELL COMPANY Balance Sheets December 31
	2017	2016
Cash	$15,000	$30,000
Accounts receivable (net)	70,000	60,000
Inventory	60,000	50,000
Plant assets (net)	200,000	180,000
	$345,000	$320,000
Accounts payable	$50,000	$60,000
Mortgage payable (6%)	100,000	100,000
Common stock, $10 par	140,000	120,000
Retained earnings	55,000	40,000
	$345,000	$320,000

Additional information for 2017:

Net income was $25,000.

Sales on account were $410,000. Sales returns and allowances were $20,000.

Cost of goods sold was $198,000.

Instructions

Compute the following ratios at December 31, 2017.

Current ratio.

Acid-test ratio.

Accounts receivable turnover.

Inventory turnover.