2. From the following information, compute the ratios indicated and place the proper numbers in the spaces provided. Assume the average for the year is the same as the ending balances for the balance sheet accounts. Round answers to one decimal place, and show your work. Balance Sheet December 31,2010 Assets Cash Marketable securities Accounts receivable (net) Inventory Prepaid expenses Property, plant, and equipment Total assets s 15,000 10,000 20,000 30,000 8,000 117,000 Liabilities and Stockholders Equity s 30,000 Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders equity For the Year Ended December 31. 2010 Net sales Cost of goods sold Gross margin Operating expenses s 40,000 Selling and administrative expenses Interest expense Income taxes expense $ 16,000 8,000 Net income