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Eaming Machine Co. Balance Sheets 31-Dec Accounts 2020 2019 $ Cash Accounts receivable (net) Inventory Plant assets (net) 15,000.00 $ 70,000.00 $ 60,000.00 $ 200,000.00 $ 30,000.00 $ 60,000.00 $ 50,000.00 $ 180,000.00 Total $ 345,000.00 $ 320,000.00 Accounts payable Mortgage payable (6%) Common stock, $10 par Retained eamings $ 50,000.00 $ 100,000.00 $ 140,000.00 $ 55,000.00 $ 60,000.00 $ 100,000.00 $ 120,000.00 $ 40,000.00 Total $ 345,000.00 $ 320,000.00 Earning Machine Co. has the above comparative balance sheet data. Additional information for 2020: 1. Net income was $25,000. 2. Sales on account were $410,000. Sales returns and allowances were $20,000. 3. Cost of goods sold was $198,000. Instructions: Compute the following ratios at December 31, 2020. (a) Current ratio. (b) Acid-test ratio. (c) Accounts receivable turnover. (d) Inventory turnover. (c) Profit Margin (for 2020) (d) Earning Per Share (for 2020)