60.000 Accounts Receivable Merchandise Inventory plant Assets Total Assets The condensed balance sheet of the Donovan Company is as follows on December 31, 2021. Cash Accounts payable 100,000 61 Note Payable due in 2030) 120,000 180,000 Common stock 100 par 40,000 Retained Earnings 372000 320,000 Total Equities 30,000 30,000 80,000 Net Income for the year was $14,000. INSTRUCTIONS: Bisneach of the following xatdos, indicate how it is computed, the computation, and its 2. 3. 4. 5. Current Ratio Acid Test Ratio Earnings per Share Debt to Owners Equity Rate of Return on owners Equity Rate of Return on Assets