A. Analyze the balance sheet and income statement and compute the following financial ratios: 1. Acid-test ratio 2. Asset turnover ratio. Danski Computer Shop and Caf Balance Sheet December 31, 201X Assets Liabilities and Capital Cash Temporary Investments Accounts Receivable (net) Inventories Equipment (net) Other Assets (non-current) P200,000 Accounts Payable P800,000 400,000 1,400,000 150,000 Mortgage Payable - 5 years 450,000 Owner's Equity 400,000 1,100,000 300,000 P2,600,000 P2,600,000