1. The comparative balance sheet for Johnson Stoll Company is given below: JOHNSON STOLL COMPANY Comparative Balance Sheet December 31, Assets 2003 2002 Cash 5. 30.000 45,000 Accounts receivable (net) 97,500 90,000 Inventory 90,000 75,000 Plant assets (net) 300.000 270.000 Total assets $517 500 $480 000 Liabilities and Stockholders' Equity Accounts payable 5. 75.000 5 90,000 Mortgage payable (8%) 150,000 150,000 Common stock, $10 par 210,000 180,000 Retained earnings 82.500 60.000 Total liabilities and stockholders" equity $517 500 5480,000 Additional information for 2003: 1 . Income before interest expense and income taxes was $168,000. 2. Sales on account were $990,000. Sales returns and allowances amounted to $5, 625. 3. Cost of goods sold was $676,500. 4. Net cash provided by operating activities was $185,625. 5. Interest expense totaled $12,000. Instructions Compute the following ratios at December 31, 2003: a. Current ratio b. Acid-test ratio c. Current cash debt coverage ratio d. Receivables turnover ratio e. Average collection period f. Inventory turnover g. Average days in inventory h. Debt to total assets ratio i . Times interest earned j. Cash debt coverage ratio