Hello! Can you please help me to understand the 2 questions in the attached document (23 and 24)? I am struggling with them. I have also attached the blank entry for reference Thank you so much in advance for your assistance!

Question 23: 10 points Compute: Answer: Show calculations below: Current Ratio = Acid-test ratio = Receivables turnover = Profit margin = Return on assets =\fQuestion 23 (10 points) Grande Corporation's comparative balance sheets are presented below. Grande CORPORATION Balance Sheets December 31 2019 2018 Cash $ 9,000 $ 8,000 Accounts receivable 38,000 35,000 Inventory 22,500 25,500 Land 15,000 15,000 Building 100,000 90,000 Accumulated depreciation (26,000) (25,000)Total $158,500 $148,500 Accounts payable $ 46,000 $ 50,000 Common stock 62,000 60,000 Retained earnings 50,500 38,500 Total $158,500 $148,500 Grande's 2019 income statement included net credit sales of $400,000, cost of goods sold of $110,000, and net income of $40,000. Instructions: Compute the following ratios for 2019. (a) Current ratio. (b) Acid-test ratio. (c) Receivables turnover. (d) Profit margin. (e)Return on assets. (Round ratios to 2 decimal places and percentages to 1 decimal place.)Question 24 (10 points) Halsey Corporation had the following bond transactions during the fiscal year 2019: a. On January 1: issued twenty $20,000 bonds at 101. The 5-year bonds are dated January 1, 2019. The contract interest rate is 3%. Straight-line amortization method is used. Interest is payable semi-annual on January 1 and July 1. b. On July 1: Halsey Corporation issued $600,000 of 5%, 10-year bonds. The bonds dated January 1, 2019 were issued at 95, and pay interest on July 1 and January 1. Straight-line amortization method is used. c. On October 1: issued 10-year bonds $10,000 face value bonds, for $11,500 cash. The bonds have a stated rate of 4%. Straight-line amortization method is used. Interest is payable on October 1 and April 1. Requirements: Prepare all general journal entries for the three bonds issued and any interest accruals and payments for the fiscal year 2019. (Round all calculations to nearest whole dollar.)