i More Info Eastside Grocers reported the following for its two most recent fiscal years: (Click to view the information.) Calculate the following for the year ended December 31, 2012: $ $ 1. Current ratio 2. Accounts receivable turnover ratio 3. Inventory turnover ratio 4. Return on assets 5. Return on equity December 31 Cash Receivables (net) Merchandise Inventory 2012 28,000 62,000 80,000 300,000 2011 24,000 72,000 34,000 290,000 420,000 Plant assets (net) 1. Calculate the current ratio for the year ended December 31, 2012. 470,000 $ Begin by selecting the formula used to calculate the current ratio. Then enter the amounts to calculate the current ratio for 2012. (Round your ans Total assets Accounts payable Long-term noles payable Common stock = Current ratio 47,000 75,000 140,000 208,000 470,000 64,000 105,000 129,000 122,000 420,000 Retained earnings 2. Calculate the accounts receivable tumover ratio for the year ended December 31, 2012 Begin by selecting the formula used to calculate accounts receivable turnover. Then enter the amounts to calculate the accounts receivable turned $ S = Accounts receivable turnover Total Liabilities and Shareholders' Equity Net income for the year ended 12/31/12 Sales (all sales were on account) Cost of goods sold Interest expense 77,000 470,000 215,000 2,400 3. Calculate the inventory turnover ratio for the year ended December 31, 2012. Begin by selecting the formula used to calculate inventory tumover. Then enter the amounts to calculate the inventory turnover ratio for 2012. (R = Inventory tumover ratio Print Done