C2 Selected financial statement data for Sky Company are presented below. ISK3: 5 marks December 31, 2018 December 31, 2017 Cash Short-term investments Net receivables Inventories Total current liabilities 5 100,000 50,000 $75,000 45,000 225,000 150,000 225,000 250,000 During 2018, net sales were $2,375,000, and cost of goods sold was $1,925,000, and net income was $660,000, Required Compute the following ratios at December 31, 2018: (a) Current. (b) Inventory turnover (c) Acid-test. (d) Accounts receivable turnover. (c) Profit margin