Capital and Liabilities A company supplies the following information: Balance Sheet $ Assets Share capital 2,00,000 Goodwill Reserves and surplus 58,000 Plant and machinery Debentures 1,00,000 Stock Creditors 40,000 Debtors Bills payable 20,000 Cash Other current liabilities 2,000 Misc. current assets 4,20,000 $ 1,20,000 1,50,000 80,000 45,000 17,000 8,000 4,20,000 = Sales (credit) for the year = $4,00,000 Gross profit = $1,60,000 Calculate: (1) Current ratio (iii) Inventory turnover (v) Proprietor's funds to liabilities (ii) Quick or liquid ratio (iv) Average collection period