2. (8 Marks) Consider the following balance sheet for ECOR Inc.: ASSETS LIABILITIES Cash = $250,000 Accounts payable = $115,000 Accounts receivable = $170,000 Taxes = $375,000 Inventories = $90,000 Long-term loans = $1,200,000 Building and equipment = $2,200,000 Land = $2,800,000 TOTAL ASSETS = $5,510,000 TOTAL LIABILITIES= $1,690,000 ECOR Inc. had $230,000 in sales, which resulted in $150,000 net income. Define and calculate a) the acid-test ratio, b) Current asset ratio, c) Equity Ratio, d) Inventory turnover, e) Return-on-Assets, and f) Return-on-equity