MA-15. Short-Term Solvency Ratios Following are financial data from year-end financial statements of Portland Company for 2017, 2016 and 2015. 2017 2016 2015 Accounts receivable $136,125 $144,576 $132,000 Cost of goods 1,023,750 864,000 960,000 450,000 360,000 405.000 sold Current assets Current liabilities Inventory Sales 300,000 250,000 310,000 225,000 165,000 195.000 1,642,500 1,752,000 1,200,000 Round all answers to two decimal places. a. Compute the following financial ratios for 2016 and 2017. (Assume Portland Company's current assets include cash, accounts receivable, marketable securities, and inventory.) 2017 2016 1. Current ratio 2. Acid test ratio 3. Inventory turnover 4. Days sales in receivables