Net sales Cost of goods sold Gross margin Operating expenses Net income XYZ Company Comparative Income Statements For Years Ended December 31 Current Year One Year Ago $ 278,000 244,000 $ 312,000 142,000 170,000 111,000 $ 59,000 34,000 14,000 $ 20,000 Cash Accounts receivable, net Merchandise inventory Plant assets, net Total assets Current liabilities Long-term liabilities Common stock Retained earnings Two Years Ago Three Years Ago $ 242,000 $ 171,000 XYZ Company Comparative Balance Sheets For Years Ended December 31 157,000 85,000 34,000 $ 51,000 145,000 26,000 10,000 $ 16,000 Current Year One Year Ago Two Years Ago $ 50,000 87,000 22,000 110,000 $ 1,000 78,000 $ 22,000 68,000 Three Years Ago $ 6,000 48,000 61,000 110,000 24,000 36,000 90,000 70,000 $ 269,000 $ 250,000 $ 204,000 $ 160,000 $ 43,000 60,000 20,000 146,000 $ 73,000 70,000 20,000 87,000 $ 47,000 $ 44,000 70,000 80,000 20,000 20,000 67,000 16,000 $ 269,000 $ 250,000 $ 204,000 $ 160,000 Total liabilities and equity Required: Using the above information, compute the following: Current ratio Acid-test ratio Accounts receivable turnover Inventory turnover Total asset turnover Debt ratio Equity ratio Debt-to-equity ratio Profit margin ratio Gross margin ratio Return on total assets