3) The following information relates to Bennett Corporation.

Account	Current year	Prior year
Net sales (all credit)	$529,250	$499,500
Cost of goods sold	$379,575	$353,600
Gross profit	$149,675	$145,900
Income from operations	$95,500	$79,900
Interest expense	$23,500	$19,500
Net income	$57,385	$51,600
Cash	$26,000	$15,900
Accounts receivable, net	$33,800	$23,340
Inventory	$42,000	$30,300
Prepaid expenses	$2,000	$1,500
Total current assets	$103,800	$72,040
Total long-term assets	$62,000	$38,000
Total current liabilities	$46,000	$41,600
Total long-term liabilities	$20,000	$22,700
Common stock, no par, 4,990 shares, value $50/share	$30,000	$30,000

Required:

a-)What is the acid-test ratio for the current year?

b-)What is the inventory turnover for the current year?

c-)What is days' sales in receivables for the current year?

d-)What is the book value per share of common stock for the current year?

e-)What is the price-earnings ratio for the current year?

f-)What is the rate of return on total assets for the current year?

g-)What is the times-interest-earned ratio for the current year?

h-)What is the current ratio for the current year?