Cost of goods sold 270,000 Accounts payable 100,000 Merchandise inventory (1.1.04) 60,000 Bills payable 250,000 Accounts receivable (1.1.04) 190,000 Marketable securities 71,000 Notes payable 15,000 Cash 54,000 Accounts receivable (31.12.04) 175,000 Credit sales (Net) 912,500 Cash Sale 37500 Merchandise inventory (31.12.04) 75,000 REQUIRED On the basis of above information, compute: 1. Acid test ratio 2. Inventory turnover 3. Average days to accounts receivable 4. Gross profit 5. Cash Ratio