PLEASE LET ME KNOW IF THESE ARE CORRECT OR NOT, THANK YOU.

Using the dollar amounts below, calculate the current ratio, the return on sales, and the inventory turnover for Go-for-IT. Next, indicate whether each is above or below the average. Based on these ratios, decide whether Go-for-IT is in good or poor financial health. 1. Cost of goods sold: $990,000 2. Net sales: $2, 350,000 3. Current liabilities: $385,000 4. Average inventory: $105,000 5. Net income after taxes: $200,000 6. Current assets: $800,000 Current ratio is average Return on sales is average Inventory turnover is average Go-for-IT's ratios indicate it is in financial health