5 20 points The following information relates to Boston Corporation. Account Current year Prior year Net sales (all credit) $445,400 $362,000 Cost of goods sold $220,000 $185,000 Gross profit $225,400 $177,000 Income from operations $72,000 $80,000 Interest expense $8,000 $14,000 Net Income $40,000 $35,000 2 Cash $34,000 $28,000 Accounts receivable, net $42,000 $62.000 nventory $120,000 $100,000 3 Prepaid expenses $4,000 $2.000 Total current assets $200,000 $192,000 Total long-term assets $200,000 $230,000 Total current liabilities $100,000 $165,000 Total long-term Mabillities $95,000 Common stock, no pas, 8,000 shares, value $120/share $80.000 $80.000 Required: (a) Compute the acid test ratio for the current year (2 marks) (b) Compute the inventory turnover for the current year. (2 marks) (c) Compute days' sales in receivables for the current year. (2 marks) (d) Compute the current ratio for the current year. (2 marks) (e) Based on your answer form Part (a) to (d), evaluate the financial performance of Boston Corporation