(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 Tatal scent tumor a. The current ratio is x. (Round to two decimal places.) d. Inventory turnover e. Total asset turnover f. Operating profit margin g. Days in receivables h. Operating return 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 91,000 33,000 he Inventory 42,000 14,000 Prepaid expenses Total current assets Gross plant and equipment $ 180,000 400,000 (64,000) Accumulated depreciation Accumulated depreciation (64,000) $ 516,000 Total assets LIABILITIES AND OWNERS' EQUITY Accounts payable $ $ 89,000 64,000 Accrued liabilities Total current liabilities $ 153,000 Long-term debt 124,000 Common stock 209,000 30,000 Retained earninne Retained earnings 30,000 Total liabilities and equity $ 516,000 Income Statement Sales $ 220,000 (88,000) Cost of goods sold Gross profit Selling, general, and administrative expenses $ 132,000 Depreciation expenses (29,000) (20,000) OTUSS PIC FUZ,000 Selling, general, and administrative expenses Depreciation expenses Operating profits (29,000) (20,000) $ Interest expense 83,000 (6,000) Earnings before taxes $ Taxes 77,000 (16,170) Net income $ 60,830 12% of sales are cash sales