Question: Solve for the ratios listed below: Current Assets $ 2 6 , 0 0 0 Accounts Receivable $ 4 , 1 0 0 Current Liabilities

Solve for the ratios listed below:
Current Assets
$26,000
Accounts Receivable
$4,100
Current Liabilities
$16,500
Inventory
$4,100
Net Sales
$52,000
Total Assets
$38,000
Net Income
$8,000
Round to the nearest hundreth or hundreth percent if needed.
a. Current Ratio: ?
b. Acid Test: ?
c. Average Collection: ?
d. Asset Turnover: ?
e. Profit Margin on Sales ?

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