(Computing ratios) Use the information from the balance sheet and income statement in the popup window, , to calculate the following ratios: a. Current ratio b. Acid-test ratio c. Times interest earned. d. Inventory turnover e. Total asset turnover t. Operating profit margin 9. Days in recelvables h. Operating retum on assets I. Debt ratio j. Return on equity k. Fixed asset turnover a. The current ratio is x (Round to two decimal places.) Balance Sheet ASSETS Cash Accounts receivable Inventory Prepaid expenses Total current assets Gross plant and equipment Accumulated depreciation Total assets \begin{tabular}{rr} $ & 90,000 \\ 38,000 \\ 47,000 \\ & 20,000 \\ \hline$195,000 \\ & 395,000 \\ & (60,000) \\ \hline$ & 530,000 \\ \hline \hline \end{tabular} LIABILITIES AND OWNERS' EQUITY Accounts payable Accrued liabilities 595,00066,000 Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $161,000120,000201,00048,000$530,000 Income Statement Sales* 5220,000 Cost of goods sold Gross profit 5(89,000) Selling, general, and administrative expenses (32.000) Depreciation expenses Operating profits 569.000(30.000) (14,000) Income Statement Sales* \begin{tabular}{ll} $ & 220,000 (89,000) \\ \hline$ & 131,000 \end{tabular} Cost of goods sold Gross profit Selling, general, and administrative expenses (32,000) Depreciation expenses Operating profits $69,000(30,000) Interest expense Earnings before taxes (14,000) Taxes Net income $55,000 * 12% of sales are cash sales