ABC Corporation is a merchandising company (they buy finished products from manufacturers and sell them to end consumers at a mark-up). Using the attached Financial Statements, compute the following ratios:

i) Current Ratio ii) Inventory Turnover* iii) Debt-to-Equity iv) Times Interest Earned v) Gross Margin Percentage

* For simplicity, assume the ending balance for Inventory equals the average Inventory balance during the year.