Consider the following financial statement data: Balance Sheet 160 Cash Accounts receivable Merchandize inventory Plant, at carrying amount 220 350 1500 Accounts payable Non-current borrowings Common shares (8 shares issued) Retained earnings 1000 170 750 310 $ 2230 $ 2230 140 Income Statement Sales $ 1000 Cost of goods sold 50 Gross profit 950 Operating expenses Income from operations 810 Less: Interest 60 Income before income taxes 750 Less: Income taxes 100 Net income $ 650 Assume that the average of all balance sheet items is equal to the year end figure and that all Sales are on credit Calculate the following ratios: a. Return on total assets (assume interest has been paid) b. Return on shareholders' equity C. Current ratio d. Acid-test ratio e. Accounts receivable collection period