Marin Company's condensed financial statements provide the following information. Dec 31, 2019 WO MARIN COMPANY BALANCE SHEET Dec. 31, 2020 Cash $ 52,500 Accounts receivable (net) 199,800 Short-term investments 80,000 Inventory 439,400 Prepaid expenses 3,000 Total current assets $ 774,700 Property, plant, and equipment (net) 854,900 Total assets $1,629,600 Current liabilities 233,500 Bonds payable 402,000 Common stockholders' equity 994,100 Total liabilities and stockholders' equity $1,629,600 $59,500 80,000 39,800 363,300 6,900 $549,500 849,200 $1,398,700 154,600 402,000 8 42,100 $1,398,700 233.50 INCOME STATEMENT FOR THE YEAR ENDED 2020 Sales $1,625,900 Cost of goods sold (803,700) Gross profit 822,200 Selling and administrative expenses (442,800) Interest expense (40,100) Net income $ 339,300 (a) Determine the following for 2020. (Round answers to 2 decimal places, e.. 1.59 or 45.87%) (1) Current ratio at December 31 (2) Acid-test ratio at December 31 times times (3) Accounts receivable turnover times (4) Inventory turnover times (5) Return on assets (6) Profit margin on sales