11. At December 31, 2017 ACE Company had total Current Assets of $1,696,000 and total net plant assets of $456,000 and Patents of $45,000. On the labilites side of the balance sheet the company had Current liabilities of $2,156,000 current portion of Ing-term debt of $67,000 nandlong term debt of $2,000,000. These numbers are a partial balance sheet. What is the Current ratio of ACE Company at December 31, 2017 12. Baltic Company had inventory of $ 450,000 at December 31, 2017 and $560,000 at December 31, 2016, the Cost of Goods sold was $281,000 What was the inventory turnover? What was the Average sales Period? 13. Desmond company had Total Assets of $2,500,000 and $3,500,000 at year end 2017 and 2016 respectively. Total Stockholder's equity of$ 4,000,000 in 2017 and $ 3,000,000 in 2016. What was Desmond company's Equity Multiplier at year end 2017? 14. The following is data from Echo Company's financial statements at December 31, 2017 Sales $5,000,000 Cost of Sales $3,000,000, Net Income $235,200, the company's tax rate was 32% and its interest expense was $7,800. Total Assets were $4,300,000 and $3,700,000 respectively at December 31, 2017 1nd 2016.stockholders equity was $7,000,000 at December 31, 2017 and 2016. What was Echo's Gross margin Percentage at December 31, 2017?- % What was Echo's Net profit margin percentage % What was Echo's return on total assets for 2017? What was Echo's return On Equity for 2017? 15. Hinck Corporation is investigating automating a process by purchasing a new machine for $520,000 that would have a 8 year useful life and no salvage value. By automating the process. the company would save $134,000 per year in cash operating costs. The company's c equipment would be sold for scrap now, yielding $22, machine would be $65,000. urrent 000. The annual depreciation on the new Required: Determine the simple rate of return on the investment to the nearest tenth of a percent. Show your work