Mahler Company had the comparative balance sheets that follow with the additional information following that is available to perform certain financial statement analysis for the company. Sales were $640,000, of which 80% were on credit. Cost of goods sold is 60% of sales. Net income was $40,000 for the year. Average common shares of stock outstanding during the year were 14,500. MAHLER COMPANY COMPARATIVE BALANCE SHEETS FOR YEARS ENDING DECEMBER 31, 20X3 AND 20X4 12/31/X4 12/31/X3 Cash $ 12,400 23,500 40,000 Short Term Investments 30,000 94,000 Accounts Receivable (Net) 85,000 Inventory 62,400 58,300 Prepaid Insurance 1,400 950 Land 15,000 . 9,000 Buildings Accumulated Depreciation, Buildings Equipment 124,000 70,000) 223,500 ( 104,600) 9,200 165,000 (85,000) 193,400 ( 93,600) 12,500 Accumulated Depreciation, Equipment Patents Trademark 15,200 Total Assets $ 424,600 S 396,950 Accounts Payable 12,500 $ 18.700 Wages and Salaries Payable 7.200 6,100 Income Taxes Payable 20.600 15.700 COMPARATIVE BALANCE SHEETS FOR YEARS ENDING DECEMBER 31, 20X3 AND 20X4 12/31/X4 12/31/X3 $ 23,500 $ 12,400 Short Term Investments 40,000 30,000 Accounts Receivable (Net) 85,000 94,000 Cash Inventory 62,400 5 8,300 Prepaid Insurance 1cm 1,400 950 Land 15,000 - 9,000 165,000 Buildings 124,000 Accumulated Depreciation, Buildings 70,000) 85,000) Equipment 223,500 193,400 Accumulated Depreciation, Equipment ( 93.600) 104.500 9.200 Patents 8 Trademark 15,200 Total Assets 424,600 $ 396,950 Accounts Payable 12,500 $ 18.700 Wages and Salaries Payable 7,200 6,100 Income Taxes Payable 20,600 15,700 Short Term Notes Payable 39,000 51,000 Mortgage Payable 54,000 60,000 Bonds Payable 100.000 50,000 Common Stock, $5 par value 75,000 65,000 Additional Paid In Capital, Common Stock 49,000 39,000 Retained Earnings 75,800 91.450 Treasury Stock (1,000 shares) ( 8,500) Total Liabilities and Stockholders' Equity $ 424.600 $ 396,950 The quick ratio for the company for 20X4 is: Select one: O a. 0.91 O b. 2.68. O c. 1.87. d. 5.35. The current ratio for the company for 20X4 is: LE Select one: O a. 1.87 O b.5.35. O c. 0.91 amfiterium milici. Iritzibilitatile d e la famili The GRE EN The return on sales for the company for 20X4 is: Select one: O a. 6.25%. b. 10.42%. O c. 9.74%. O d. 7.81%. The inventory days on hand ratio for the company for 20X4 is: Select one: O a. 71.71 days. b. 59.31 days. c. 57.39 days. d. 74.19 days