Complete the following ratios: 1) Net Working Capital = Current Assets - Current liabilities 2) Current Ratio = Current Assets / Current Liabilities 3) Acid test Ratio = (Current Assets - inventory - prepaid expenses) / Current Liabilities 4) Receivables turnover 5) Average collection period Net sales Accounts 365 Receivables 6) Inventory turnover turnover Cost of goods sold = Inventories 7) Average days in inventory (sale period) 8) 9) 10) 11) Operating cycle = Average sale period + Average collection period Total asset turnover = Net Sales / Average total assets Profit Margin on Sales = Net Income / Net Sales Rate of Return on Assets = Net Income / Average Total Assets 12) Debt to equity ratio = Total liabilities / Stockholder's equity 13) Rate of return on shareholders' equity = Net Income / Shareholders' equity 14) Net Profit Margin percentage = Net Income / Sales 15) Equity Multiplier Shareholders' equity = Total Assets / Shareholders' equity 365 Inventory