Excellent Corporation Balance Sheets 2015 12/31/2015 Cash 66,000 Accounts receivable 47,300 Inventory 210,000 Equipment (net) 264,500 587,800 Accounts payable 17,890 Dividends payable 15,000 Long-term note payable 55,000 Capital stock $10 par 250,000 Retained earnings 249,910 587,800 1/1/2015 38,500 43,000 195,900 254,800 532,200 15,650 Excellent Corporation Income Statement for the year ended 12/31/2015 Sales 837,500 Cost of goods sold (425,250) Gross profit on sales 412,250 Operating expense (297,350) Operating Income 114,900 Interest exp & income tax (56,540) Net income 58,360 45,000 250,000 221,550 532,200 Cash dividends declared during the year: 30,000 Using the above information, calculate the following to 2 decimal places. Use % as appropriate. a Accounts Receivable Turnover b Inventory Turnover Debt Ratio d Return on Assets Return on Common Equity Gross Profit Margin g Current Assets h Current Liabilities i Working Capital j e f Current Ratio