need to know gross profit , current ratio, total assets, acid test ratio with explanition.

E = o Center a Formatting Table Styles Styles Font Alignment Number B D E H G 31-Dec M N DEBIT CREDIT $ Compute : GROSS PROFIT Compute : CURRENT RATIO 37,500 28,600 43,300 2,000 69,000 Cute : TOTAL ASSETS te: ACID TEST RATIO $ Provide detail in computing your ratio and gross profit and total assets CASH ACCOUNTS RECEIVABLE INVENTORY PREPAID INSURANCE EQUIPMENT ACCUMULATED DEPRECIATION-EQUIP ACCOUNTS PAYABLE ACCRUED EXPENSES LONG TERM NOTES PAYABLE COMMON STOCK RETAINED EARNINGS SALES REVENUE SALES RETURNS AND ALLOWANCE SALES DISCOUNT COST OF GOODS SOLD WAGES EXPENSE RENT EXPENSE INSURANCE EXPENSE DEPRECIATION EXPENSE - EQUIP INTEREST EXPENSE 20,700 15,000 13,800 75,000 31,800 0 175,500 4,700 6,000 67,700 25,900 24,000 7,700 13,800 1,600 $ 331,800 $ 331,800 Sheet1 11:00