E18.17 (LO 4, 5, 6) AP Rinker Corporation's comparative balance sheet is presented below. Calculate ratios. RINKER CORPORATION Balance Sheet December 31 2021 2020 Cash Accounts receivable Inventory Land Buildings Accumulated depreciation-buildings Total $ 5,300 21,200 9,000 20,000 70,000 (15,000) $110,500 $ 3,700 23,400 7,000 26,000 70,000 (10,000) $120,100 Accounts payable Common sh: Retained earnings Total $ 10,370 75,000 25,130 $110,500 $ 31,100 69,000 20,000 $120,100 Rinker's 2021 income statement included net sales of $120,000, cost of goods sold of $70,000, and profit of $14,000. g. Profit margin h. Asset turnover Instructions Calculate the following ratios for 2021. a. Current ratio b. Acid-test ratio c. Receivables turnover d. Collection period e. Inventory turnover f. Days sales in inventory i. Return on assets j. Return on equity k. Debt to total assets