2016 JAZANCO Balance Sheets December 31 Aneta 2017 Current assets Cash 39.100 Short-term Investments 79.000 Accounts receivable (net) 107,800 Inventory 143,000 Total current assets 388,900 Plant assets (net) 600, 300 Total assets 989. 200 74,200 60,000 102,800 115.500 352,500 520, 300 $ 872.800 Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock (35 par) Ratained earnings Total stockholders' equity Total liabilities and equity 150,000 63,500 213,500 209,000 422,500 $ 135,400 62,000 197,400 200,000 397, 100 302.000 173, 100 475, 100 $ 872,800 280,000 286,700 566,700 $ 989,200 JAZANCO Income Statement For the Year Ended December 31 2017 Net sales $ 818,500 Cost of goods sold 511.500 Gross profit 307.000 Selling and administrative expenses 76,000 Income from operations 231.000 Other expenses and losses: Interest expense 18.000 Income before income taxes 213,000 Income tax expense 84,000 Net Income 129.000 2016 $1,500,500 776.000 724.500 479.000 245,500 14,000 231.500 60,000 171.500 $ 9. From the above balance sheet and income statement calculate for the year 2017 Current ratio, Acid test ratio, Receivables turn over ratio, Return on Asset Ratio