4. On December 31, the company had 187,400 shares of common stock outstanding. Each share was selling for $25.87. Use the following financial statements to calculate the requested ratios. (3 points each) (a) current ratio (b) average collection period (c) net profit margin Balance Sheet 12/31 Income Statement 12/31 Current Assets Sales $10,867,900 Cash $425,000 Cost of goods sold 6,789,000 Accounts receivable 188,000 Gross profit $4,078,900 Inventories 419,000 Operating expenses 2,467,900 Total Current Assets $1,032,000 Depreciation expenses 267,000 Net Fixed Assets 4,897,000 EBIT $1,344,000 Total Assets $5,929,000 Interest expenses 298,000 Current Liabilities $756,000 Earnings before taxes $1,046,000 Long-Term Debt 1.890,000 Taxes 387,020 Total Liabilities $2,646,000 Net Income $658,980 Common Stock 1,650,900 Retained Earnings 1,632,100 Total Stockholders' Equity $3,283,000 Total Liabilities and Equity $5,929,000