Compute the following ratios or relationships of Nash Inc. Assume that the ending account balances are representative unless the information provided indicates differently. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.) (1) Current ratio (2) Inventory turnover (3) Accounts receivable turnover (4) Earnings per share (5) Profit margin on sales 3.65 times times times % 197 (6) Return on assets on December 31, 2020 % eTextbook and Media NASH INC. BALANCE SHEET DECEMBER 31, 2020 Cash $45,000 Notes payable (short-term) $50,000 Receivables $109,300 Accounts payable 32,300 Less: Allowance 14,900 94,400 Accrued liabilities 5,000 Inventory 169,500 Common stock (par $5) 257,500 Prepaid insurance 8,100 Retained earnings 142,400 Land 19,900 Equipment (net) 150,300 $487,200 $487,200 NASH INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $1,401,600 Cost of goods sold Inventory, Jan. 1, 2020 $198,600 Purchases 791,400 Cost of goods available for sale 990,000 Inventory, Dec. 31, 2020 (169,500) Cost of goods sold 820,500 Gross profit on sales Operating expenses Net income 581,100 171,400 $409,700