4. Using the income statement and balance sheet provided for Fresh Design, Inc., calculate ANY FIVE of the following ratios: [2 marks each] a. Current ratio b. Times interest earned c. Inventory turnover d. Debt ratio e. Operating profit margin f. Average collection period g. Return on equity h. Fixed asset turnover 2. The financial statements for Custom Design, Inc. are shown belo $8,000 ($3,300) $4,700 Custom Design, Inc. Income Statement (5000) Net sales (all credit Cost of goods sold Gross profit Operating expenses (includes $500 depreciation Net operating income Interest expense Earnings before taxes Income taxes (40%) Net income ($3,000 $1,700 (5367) $1,333 ($533) $800 Custom Design, Inc. Balance Sheet (5000) Cash Accounts receivable Inventories Current assets Net fixed assets Total assets $500 $2,000 $1,000 $3,500 $4,500/E $8,000 Accounts payable Accrued expenses Short-term notes payable Current liabilities Long-term debt Owners' equity Total liabilities and owners' equity $1,100 $600 $300 $2,000 $2,000 $4,000 $8,000