I need to figure out 1. Current Ratio, 2. Return on common stockholders equity, 3. Price-earnings ratio, 4. Acid-test ratio, 5. Accounts receivable turnover, 6. Times interest earned, 7. Profit margin, 8. Days in inventory, 9. Payout ratio, 10. Return on assets. I believe current ratio is... (20k+20k+40k+60k)(20k+40k+80k)= 1 I also believe acid-test ratio is... (80k)(140k)=57% n I believe Return on asset is... (63k)(450k)2= 14% i dont know if those answers are right tho and I'm completely confused on the others.

ABC COMPANY Comparative Balance Sheet Assets December 31, 2020 CA Cash . .......... CA Short-term investments ........ 2020 2019 CA Accounts receivable (net).. $ 20.000 $ 40,000 CA Inventory .......... 20,000 60,000 40,000 30,000 Z-T A Property, plant and equipment (net). 60,000 70,000 Total assets ....... 260,000 300,000 $400.000 $500.000 Liabilities and stockholders' equity L Accounts payable........... L Short-term notes payable. $ 20,000 $ 30,000 Bonds payable .............. 40,000 90.000 SE Common stock ....... 80,000 160,000 S. Retained earnings .... 150,000 150,000 Total liabilities and stockholders' equity ...... 1 10,000 70,000 $400,000 $500,000 ABC COMPANY Income Statement For the Year Ended December 31, 2020 Net sales.................... . . ... $400,000 Cost of goods sold ........ 250,000 Gross profit ........ 150,000 Expenses Operating expenses . ....... $42,000 Interest expense..... 18,000 Total expenses . . .. 60,000 Income before income taxes . . . . .. 90,000 Income tax expense .... 27,000 Net income ........ $ 63,000 Additional information: a. Cash dividends of $23,000 were declared and paid in 2020. b . Weighted-average number of shares of common stock outstanding during 2020 was 30,000 shares. C. Market value of common stock on December 31, 2020, was $21 per share. 21x 30 /h 630 / Instructions Using the financial statements and additional information above, compute the ratios listed on the following page for ABC Company for 2020. Show all computations in order to receive full credit