Next, you will want to calculate Working Capital, Current Ratio, Quick Ratio, Inventory Turnover, Number of Days Sales in Ending Inventory, A/R Turnover, Number of Days Sales Uncollected, ROA/ROI, ROE, Debt Ratio, Equity Ratio and Debt-to-Equity Ratio. All answers should be computed to the nearest tenth (i.e., X.X) or tenth of a percent (X.X%). Slayer Inc. Year 2 Income Statement: Required: Sales COGS Gross Margin Op. Expenses Op. Income Loss on Disposal Income Before Taxes Taxes 1,250,000 715,000 535,000 305,000 230,000 15,000 215,000 65,000 1) Compute Current Ratio & Quick Ratio ii) Compute the four Efficiency Ratios iii) Compute the five Profiotabilty Ratios iv) Compute the three Solvency Ratios v) Complete the Quiz on Canvas Net Income 150.000 Comparative Balance Sheets. Assets Year 7 Cash AIR Inventory Prepaids Total Current Assets Year 2 40,000 205,000 225,000 25,000 495,000 25,000 215,000 180,000 15,000 435,000 Long Term Investments 25,000 15,000 Property, Plant & Equipment Accum. Depreciation Net Property, Plant & Equipment 435,000 (120,000) 315,000 350.000 (80,000) 270,000 Total Assets $ 835,000 $ 720.000 Liabilities A/P Uneamed Revenue Total Current Liabilities 145,000 20,000 165,000 175,000 45,000 220,000 Long Term Note Payable 140,000 145,000 Total Liabilities 305,000 365,000 Equity Common Stock Retained Earnings Total Owners' Equity 370,000 160,000 530.000 260,000 95,000 355,000 Total Liabilities & Equity 835.000 $ 720.000