At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 31,800 $ 35,625 $ 37,800 89,500 62,500 50,200 112,500 82,500 54,000 10,700 9,375 5,000 278,500 255,000 230.500 $523,000 $445,000 $377,500 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $129,900 75,250 $ 51,250 98,500 101,500 83,500 163,500 163,500 163,500 131,100 104.750 79,250 $523,000 $445,000 $377.500 For Year Ended December 31 Current Yr 1 Yr Ago $673,500 $532,000 $411,225 $345,500 134,980 209,550 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses 12,100 13,300 9.525 8,845 642,400 Net income $ 31,100 502,625 $ 29,375 S 1.80 Earnings per share S 1.90 1. Using the information above calculate the current ratio for each year (show all calculations) 2. Using the information above calculate the acid-test for each year (show all calculations) 3. Using the information above calculate the following ratios for the current year AND 1 year ago a. Days' sales uncollected b. Accounts receivable turnover C. Inventory turnover d. Days' sales in inventory