PART 6: RATIOS 15 POINTS 1) Zebra Inc. cost of goods sold for the year is $1,900,000 and average merchandise inventory for the year is $129,000. Calculate the inventory turnover ratio of the company. 2) A company reports total assets of $850,000 and stockholders' equity of $500.000. Calculate the debt ratio 3) Extracts from the balance sheet of Atlantis Inc. are as follows: 2018 Assets Current Assets Cash and Cash Equivalents $30,000 Accounts Receivable.Net 65,000 Merchandise Inventory 50.000 Total Current Assets $145.000 Long-term Investments 150,000 Property. Plant and Equipment, Net 250.000 Total Assets SSASALO Total Current Liabilities $150,000 Compute the acid test ratio