Exercise 13-19 Presented below is information related to Blue Inc BALANCE SHEFT DECEMBER 31, 2017 45,100 ylc (short- Cash 49,700 Recevables $109,900 Accounts payable 31,700 g5.000 Accrued liabilities 14,900 4,900 Allmwance 121.400 Common stock (per $5) Inventory 262,100 6.100 Reteined earnings 142,200 Land 20,0 Equipment (nen) 151.0 $490,60C $490.G00 BLUE INC EMENT INC FOR THE YEAR ENDED DECEMBER 31, 2017 $1.399.500 Sales revenue tauortoo Jan 1. 2017 $201.900 Purchases 400 sales (171 4007 Cost of goods sold 818,900 579.600 Gress profit on sales expenses .. .. Compute the following ratios or relationships of Blue Inc. Assume that the ending account balances are representative unless the information provided indicates differently. (Round answers to 2 decimal places, eg. 1.59 or 45.87%. ) (1) Current ratio times (2) Inventory turnover (3) Accounts roceivable turnover timas (4) Earnings per share (5) Prefit mergin on seles (6) Retum ts gn Dmber 2017 LINK TO TEXT .2017. Indicate for each of the following transactions whether the transaction would improve, weaken, or haver e current ratio of Blue te at December (1) Write Tan unoollectible account receivable, s2.200. (2) Purchase additional capital stock for cash (3) Pay $40,000 on notes payable (short-term) (4) Callect s23.000 an accounts roceivable. (5) Buy equipment on account. (6) Give an existing creditor a short tem note in scttlement of account