2) From the data presented below, calculate the following ratios: a. acid-test ratio b. inventory turnover c. days' sales in receivables d. book value per share of common stock e. price /earnings ratio f. rate of return on total assets g. times-interest-earned ratio h. current ratio Net sales (all on credit) Cost of goods sold Gross proft 20 8 $97,600 53,500 44,700 $93,000 52,500 40,500 Interest expense Net income Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Total long-term assets Total current liabilities Total long-term liabilities Common stock, no par, 2000 shares, value $45/share Retained earnings 3,100 9,800 7,700 10,700 20,000 1,000 39,400 50,000 32,000 11,000 10,000 25,400 3,500 9,000 7,500 12,500 26,000 900 46,900 67,000 44,500 39,800 10,000 19,600