Please compute these ratios and provide the cell format and formulas: Using information on the Financial Statements sheet, compute the following ratios:

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Current ratio $=$ Current assets $-$: Current liabilities

Acid$-$test ratio $=($Cash $+$ Accounts receivable, net$)-$: Current liabilities

Accounts receivable turnover $=$ Net sales $-$: Average accounts receivable, net

Inventory turnover $=$ Cost of goods sold $-$: Average inventory

Total asset turnover $=$ Net sales $-$: Average total assets

Debt ratio $=$ Total liabilities $-$: Total assets

Equity ratio $=$ Total equity $-$: Total assets

Debt$-$to$-$equity ratio $=$ Total liabilities $-$: Total equity

Profit margin ratio $=$ Net income $-$: Net sales

Gross margin ratio $=($Net sales $-$ Cost of goods sold$)-$: Net sales

Return on total assets $=$ Net income $-$: Average total assets