#02: The comparative statements of HRN Company are presented below: HRN Company Balance Sheet As on December 31 Title 2016 2015 Cash Tk. 4,300 Tk. 3,700 Accounts Receivable (net) 21,200 23.400 Inventory 10,000 7,000 Land 20,000 26,000 Buildings 70,000 70,000 Accumulated depreciation-building (15,000) (10,000) Total Tk. 110,500 Accounts Payable Common Stock Retained earnings Total Tk. 110,500 Tk. 12,370 75,000 23,130 Tk. 120.100 Tk. 31,100 69,000 20,000 Tk. 120,100 04 Page 1 of 2 HRN Company's 2016 Income statement included total net sales of Tk. 120,000, cost of goods sold of Tk.60,000, sales return and allowances of Tk. 5,000, sales discount of Tk. 15,000 and net income of Tk.15,000 Instructions: Compute the following ratios for 2016 with interpretation a) Current ratio. b) Acid-test ratio. c) Account receivable turnover. d) Inventory turnover. e) Profit margin. f) Return on asset