A corporation has the following balance sheet items for the year ending December 31, 2011:

Cash $15,000

Accounts Receivable 20,000

Inventory 45,000

Prepaid Expenses 10,000

Property Plant and Equipment 80,000

Total Assets $170,000

Accounts Payables 30,000

Long Term Notes Payable 70,000

Stockholders' Equity 70,000

Total Liabilities and Equity $170,000

The income statement for the year ending December 31, 2011 is as follows:

Sales $110,000

Cost of Goods Sold (50,000)

Gross Margin $ 60,000

Selling Expenses (20,000)

Administrative Expenses (10,000)

Interest Expenses ( 5,000)

Net Income $25,000

54. Calculate the current ratio

55. Calculate the acid test/quick ratio

56. Calculate the debt to equity ratio

57. Calculate the profit margin ratio

58. Calculate the times interest earned ratio