Given the following information from the current financial statements of Umbrella Corp. Umbrella Corp. Income Statement For the year ended December 31, 2021 Sales (all on credit) $1,450,000 Cost of goods sold 1.050.000 Gross profit $400,000 Operating expenses 285.000 Operating income $135,000 Interest expense 5,300 Income before tas $129,700 Income tax expense 45,395 Profit $84,305 Umbrella Corp Balance sheet December 31, 2021 Cash Marketable securities Accounts receivable (not) Prepaid insurance Merchandise inventory Plant Ansats (net) Total Assets $28,500 122,000 52,300 5,000 38,000 143.000 $388.00 Accounts payable Interest payable Common shares Retained earnings Total Liabilities and Equity $81,300 2,800 126,200 178.500 $288.00 Required Calculate the ratios listed below the financial statements: a. Current ratio. b. Accounts receivable turnover. Assume the beginning of year accounts receivable balance was $59,500 c. Days' sales uncollected. Required Calculate the ratios listed below the financial statements: a. Current ratio. b. Accounts receivable turnover. Assume the beginning of year accounts receivable balance was $59,500. c. Days' sales uncollected. d. Merchandise turnover. Assume the beginning of year merchandise inventory was $50,200. e. Times interest earned. f. Return on common shareholders' equity. Assume the beginning of year common shares balance was $180,000 and a retained earnings was $128,000. g. Earnings per share (assume Umbrella Corp's average common shares outstanding are 50,000). h. Price-earnings ratio. Assume the company's shares are selling for $26 per share. Page 7 of 8