FRIZELL COMPANY Balance Sheets 2017 2016 14,100 29,100 Accounts receivable (net) 70,700 60,700 60,400 50,400 204,500 184,000 $349,700 $324,200 $49,500$59,800 | Mortgage payable (6%) 110,000 110,000 Common stock, $10 par 141,000 120,000 49,20034,400 $349,700 324,200 Inventory Plant assets (net) Accounts payable by Retained earnings Additional information for 2017: 1. Net income was $24,400. 2. Sales on account were $411,000. Sales returns and allowances were $19,900 3. Cost of goods sold was $195,600. Compute the following ratios at December 31, 2017. (Round answers to 1 decimal place, e.g, 1.6.) (a) Current ratio (b) Acid-test ratio (c) Accounts receivable turnover (d) Inventory turnover