ASSETS Current Assets Cash General Checking Accounts Receivable ABC Inc. Balance Sheet December 31, 2018 Less: Allowance For Doubtful Accounts Merchandise Inventory $540,343.80 486,000.00 -6,300.00 46,800.00 Total Current Assets $1,066,843.80 Long Term Assets Land 234,000.00 Equiptment 247,500.00 Less: Accumulated Depreciation, Equipment Stock Investment- Long Term -5,850.00 79,200.00 Total Long-Term Assets 554,850.00 Total Assets 1,621,693.80 Liabilities Current Liabilities Accounts Payable $207,186.30 Interest Payable 8,356.88 Taxes Payable Dividends Payable Total Current Liabilities Long Term Liabilities 12,581.10 11,542.50 239,666.78 Notes Payable-Equipment 202,500.00 Bonds Payable 225,000.00 Discount on Bonds Payable -6637.50 Total Long-Term Liabilities Total Liabilities 420,862.50 660,529.28 Stockholder's Equity Paid-in Capital Preferred Stock 94,500.00 Paid-in Capital in Excess of Par-Preferred 75,600.00 Common Stock 104,400.00 Paid-in Capital in Excess of Par-Common Paid-in Capital from Tresury Stock 696,600.00 1,575.00 Total Paid in Capital 972,675.00 Retain Earning 26,289.52 Treasury Stock Common Total Stockholder's Equity Total Liabilities & Stockholder's Equity -37,800.00 961,164.52 $1,621,693.80 Complete additional financial analysis by calculating the following ratios a. Current Ratio b. Acid Test Ratio c. Accounts Receivable Turnover d. Inventory Turnover e. Asset Turnover f. Debt to Total Assets g. Debt to Equity h. Gross Profit Rate i. Return on Sales j. Return on Total Assets