1. Consider the following Balance Sheet and Income Statement of the Jagba Corporation and answer the following four questions: JAGBA CORPORATION Balance Sheet May 31, 2012 tibilities Assets Cure Cash Account cevabile Table I Total JAGBA CORPORATION Income Statement Year Ended May 11, 2012 $505.000 Revenue 510.500 18.700 500 52.000 Acable Divideda payable at Boots payable $18.700 7000 16.000 20.000 SS500 325.000 338.000 $275.000 100.000 Pin Lant Billing and Te Dera allowance 12.000 Total Totales $200.000 28.000 35.000 12.000 To Expo Costers sold im Tahle 13-3 Selling Admin Other Totale Income before Town for year Net profit after we (NPAT Net Worth Cock Preferred stock Relig Total with Toolbilities and art worth 350.000 38.000 400.000 Z100 365,000 11100 64,575 $78,525 a Current Ratio. (5 points) b. Acid Test Ratio. (points) c. Debt Ratio. (5 points) d. Inventory Turnover Ratio (assume beginning and ending inventories are the same). (5 points) e. What is the company's interpretation by doing analysis in point a, b, c, and d! (5 extra points)