Marking Mart International Corporation Balance Sheet December 31, 2020 and 2019 2020 2019 Current assets Cash Short-term investments Accounts receivable, net Inventory Prepaid expenses Total current assets $6,000 7,000 22,000 31,000 2,000 $68,000 $8,000 9,000 23,000 35,000 3,000 $78,000 I 35,000 Property, plant, and equipment, net Other assets Total assets 33,300 27,000 $128,300 22.500 $135,500 Current liabilities Short-term borrowings Accounts payable Total current liabilities $6,400 22,000 $28,400 $12,900 23,500 $36,400 Non-current debt Total liabilities 37,500 $65,900 35,000 $71,400 Shareholders' equity Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders equity $20,000 42.400 $62,400 $20,000 44.100 S64.100 I I $128,300 $135,500 Additional information for year 2019: Net income from operations Interest expense S23,600 $2,650 Font Reuse Files Dictation Editor Paragraph ELEMRU Styles Editing Acid test Inventory turnover Accounts receivable turnover Debt ratio Times interest earned Based upon your calculations comment on the company's ability to 1) pay their current liabilities 2) meet their overall liabilities 3) to sell inventory and collect accounts receivables