Calculate the ratios for the following problem (answer in the yellow):

	12/31/20x5	12/31/20x4	12/31/20x3
Assets:
Cash	$ 1,120,000	$ 990,000
Accounts Receivable	156,000	176,000	350,000
Marketable Securities	157,000	110,000
Inventory	478,000	345,000	278,000
Equipment (net)	1,670,000	1,600,000
Liablities:
Accounts Payable	$ 755,000	$ 640,000
Wages Payable	132,000	120,000
Notes Payable (Long-Term)	220,000	200,000
	20x5	20x4
Net Sales	$ 2,100,000	$ 2,500,000
Cost of Goods Sold	1,470,000	1,750,000
Problem 12-6 - Ratios Summary	20x5	20x4
Current Ratio
Acid-Test Ratio
Inventory Turnover Ratio
Days to Sell Average Inventory
Accounts Receivable Turnover
Average Collection Period for A/R