Armada Company has these comparative balance sheet data: Additional information for 2017: Cash 2017 2016 2015 20,000 40,000 30,000 Accounts Receivable 70,000 65,000 60,000 Inventory 55,000 60,000 50,000 Plant assets (net) 180,000 185,000 180,000 325,000 350,000 320,000 Accounts Payable 75,000 50,000 60,000 Mortgage payable (15%, due in 15 years) 100,000 100,000 100,000 Common Stock Retained Earnings 120,000 140,000 120,000 30,000 60,000 40,000 325,000 350,000 320,000 Net income was $25,000. Sales on account were $450,000. Sales returns and allowances amounted to $25,000. Cost of goods sold was $275,000. Net cash provided by operating activities was $49,000. Capital expenditures were $23,000, and cash dividends were $18,000. Compute the following ratios at December 31, 2017. (a) Icurrent. (b) Average collection period. (c) Inventory turnover Explain what your ratios have uncovered