Please define what each ratio means, what it means for the company, if the ratio is good or bad, and how you know. Thanks!

1. Current Ratio Corrent assets/cumint liabihtis 355,000/150,000 2.37 2. Acid-Test (Quick) Ratio Currenk onek - inwent my l fale litics 355,000250,200/150,000 C0.70 3. Inventory Turnover Cost of gook swd IArurege inwountong 450,000/300,000 1.5 4. Total Asset Turnover Soles/Av. tatel extelf 5. Gross Profit Margin gross prebit/saler x tot 1,050.000(1,500,000100 70% Net income 6. Net Profit Margin 750,000/1,500,000100 50% 7. Return on Equity Net income/Average eqpity 750,000/450,000,1.67 8. Debt Ratio totol liabilities/total cirebs 850,000/1,275000 0.67