corporation had the following comparative current assets and current liabilities: Dec. 31, Year 2 Dec. 31, Year 1 Current assets Cash Short-term investments Accounts receivable Inventory Prepaid expenses Total current assets $ 20,000 40,000 55,000 110,000 35,000 $260,000 $ 30,000 10,000 95,000 90,000 20,000 $245,000 Current liabilities Accounts payable $140,000 $110,000 Salaries payable 40,000 30,000 Income tax payable 20,000 15,000 Total current liabilities $200,000 $155,000 During Year 2, credit sales and cost of goods sold were $600,000 and $350,000, respectively. Required: Compute the following liquidity measures for Year 2: A. Current ratio. B. Acid-test ratio. C. Receivables turnover. D. Inventory turnover