hello I have attached a word doc, please have this completed 20 minutes, thank yo

Exercise 14-7 Frizell Company has the following comparative balance sheet data. FRIZELL COMPANY Balance Sheets December 31 2017 2016 $ 14,000 $ 29,000 Cash Accounts receivable (net) Inventory Plant assets (net) Accounts payable Mortgage payable (6%) Common stock, $10 par Retained earnings 69,000 59,000 59,000 195,000 $337,00 0 49,000 175,000 $312,00 0 $49,000 $59,000 100,000 100,000 135,000 115,000 53,000 $337,00 0 38,000 $312,00 0 Additional information for 2017: 1 . 2 . 3 . Net income was $24,000. Sales on account were $405,000. Sales returns and allowances were $19,000. Cost of goods sold was $195,000. Compute the following ratios at December 31, 2017. (Round answers to 1 decimal place, e.g. 1.6 .) (a) Current ratio :1 (b) Acid-test ratio :1 (c) Accounts receivable turnover times (d) Inventory turnover times