Accounts payable.......................................................... $ 52,000 Accounts receivable...................................................... 84,500 Cash............................................................................... 147,200 Market price/share....................................................... 65.00 Net sales........................................................................ 590,000 Other current liabilities................................................. 22,500 Net income.................................................................... 174,000 Salaries payable ............................................................ 19,600 Shareholders equity..................................................... 310,900 Total assets................................................................... 500,000 Weighted average number of common shares............ 4,000 Instructions Calculate the following ratios: (Hint: Remember: Total Assets = Total Liabilities + Shareholders equity). (a) Current ratio (b) Profit Margin (c) Basic earnings per share (d) Debt to total assets