Compute the following liquidity ratios for 2016. Round to the required number of decimal places USING THE EXCEL. ROUND FUNCTION (fx). Current ratio (rounded to one decimal place) Receivables turnover (rounded to two decimal places) Days to collect (rounded to the nearest whole day) Inventory turnover (rounded to two decimal places) Days' sales in inventory (rounded to the nearest day) Compute the following Solvency Ratios for 2016. Again, USE THE EXCEL ROUND FUNCTION (fx). Debt to assets (rounded to two decimal places) Times interest earned (rounded to one decimal place) Compute the following Profitability Ratios for 2016. Again, USE THE EXCEL ROUND FUNCTION (fx). Profit margin ratio (rounded to one decimal place) Gross margin ratio (rounded to one decimal place) to 1 times days times days to 1 times percent percent Balance Sheet Cash Accounts Receivable, Net Inventory Prepaid Insurance Total Current Assets Property and Equipment, Net 10 Total Assets 12 Current Liabilities 13 Long-term Liabilities 14 Total Liabilities 15 Contributed Capital 16 Retained Earnings 17 Total Stockholders' Equity Total Liabilities and Stockholders' Equity 20 Income Statement 21 Net Sales (all on account) 22 Cost of Goods Sold 23 Gross Profit 24 Operating Expenses 25 Income from Operations 26 Interest Expense 27 Income before Income Tax Expense 28 Income Tax Expense Net Income $ 2016 185,000 $ 80,000 104,000 11,900 360500 514.500 895,400 $ 85.300 284,000 69,300 299 000 227,100 326,100 $95 400 5 3,031,000 1,949000 10820000 891,400 190.600 14,500 176,100 47,000 129,100 2015 143.000 99,000 134,000 5380 341380 407000 748,380 96.300 224.000 320K 299,000 129.080 428.00 748.380