Frizzle Company has the following comparative balance sheet data. 2017 cash 15,000, accounts receivable (net) 70,000, inventory 60,000, plant assets (net) 200,000, 2017 cash 30,000, accounts receivable (net) 60,000, inventory 50,000, plant assets(net) 180,000. Additional information for 2017: 1. Net income was $25,000 2. Sales on account were $410,000. Sales returns and allowances were $29,000. 3. Cost of goods sold was $198,000. Instructions. Compute the following ratios at December 31,2017. (A) current ratio. (B) acid-test ratio. (C) accounts receivable turnover. (D) inventory turnover.