For the next three questions: 2016 2017 2018 Current Assets: Cash $20,000 $30,000 $35,000 Marketable Securities $15,000 $12,000 $20,000 Accounts Receivable (Net) Inventory - Food $80,000 $15,000 $130,000 $85,000 $16,000 $143,000 $90,000 $17,000 $162,000 Total Current Liabilities: Accounts Payable Notes Payable Total $60,000 $40,000 $100,000 $65,000 $40,000 $105,000 $67,000 $40,000 $107,000 Selected Operations Data: Sales (Total) $100,000 $120,000 $150,000 1) Calculate the Current Ratio for the year 2018. Current Ratio = Current assets / Current liabilities 1.30 1.36 Oo oo 1.42 1.51 QUESTION 49 2) Calculate Acid-test Ratio for the year 2018. Acid-test Ratio = (Cash + Marketable securities + Accounts receivables) / Current liabilities O 1.15 1.21 Oo oo 1.36 1.75 QUESTION 50 3) Calculate Accounts Receivable Turnover for the year 2018. A.R.T = Revenue / Average account receivable 0 0 0 0