Marjoram Company are presented below The condensed balance sheet and income statement for Balance Sheet At December 31, 2016 $ 19,000 35,000 48,400 70,600 250,000 12.400 $435,400 $108,400 100,000 70,000 157,000 $435,400 Cash Temporary investments in marketable securities Accounts receivable (net) Merchandise inventory Property, plant, and equipment (net) intangible assets Total assets Current liabilities 11% Bonds payable, long-term Paid-in capital Retained eanings Total liabilities and equity Income Statement For the Year ended December 31,2016 Sales Cost of goods sold Gross proft Operating expenses Operating income Interest expense Income before income taxes Income taxes $704 422.400 $281,600 166,200 $115,400 11,000 $104.400 31.320 S 73.080 Net income Compute the following ratios for Marjoram Company a. b. c. Current ratio Acid-test ratio Debt to equity ratio dThe times interest earned ratio