I already have the answers but im trying to figure out the process to get there. If you could show me the steps to get to the answer that would be awesome!

B$.$ Compute the following ratios:

Quick Ratio:

Quick Ratio: $($Cash $+$ Short$-$Term Investments $+$ Accounts Receivable$)/$ Current Liabilities

$$70,\frac{000}{\text{\$}}36,000=1\mathrm{.}94$

Asset Turnover:

Asset Turnover: Net Sales $/$ Average Total Assets

$$146,\frac{000}{\text{\$}}194,633=0\mathrm{.}75$

Return on Equity:

Return on Assets: Net Income$/$ Average Total Assets

$$24,\frac{133}{\text{\$}}194,633=0\mathrm{.}12$Closing Entries and Ratios