Marin Company's condensed financial statements provide the following information. MARIN COMPANY BALANCE SHEET Dec. 31, Dec. 31, 2019 2020 $ 52,500 $ 59,500 Cash Accounts recelvable (net) 199,800 80,000 Short-term investments 80,000 39,800 Inventory 439,400 363,300 Prepaid expenses 3,000 6,900 $ 774,700 $ 549,500 Total current assets Property, plant, and equipment (net) 854,900 849,200 $1,629,600 $1,398,700 Total assets Current liabilities 233,500 154,600 Bonds payable 402,000 402,000 Common stockholders' equity 994,100 842,100 $1,629,600 $1,398,700 Total liabilities and stockholders' equity 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 ) 26 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.g. 1.59 or 45.87%.) (1) Current ratio at December 31 times (2) Acid-test ratio at December 31 times (3) Accounts receivable turnover times (4) Inventory turnover times (5) Return on assets (6) Profit margin on sales