Presented below is information related to Martinez Inc. MARTINEZ INC. BALANCE SHEET DECEMBER 31, 2020 Cash $45,300 Notes payable (short-term) $50,200 Receivables $109,300 Accounts payable 31,900 Less: Allowance 14,800 94,500 Accrued liabilities 5,000 Inventory 170,100 Common stock (par $5) 262,100 Prepaid insurance 7,900 Retained earnings 137,300 Land 20,200 Equipment (net) 148,500 $486,500 $486,500 MARTINEZ INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $1,398,900 Cost of goods sold Inventory, Jan. 1, 2020 $201,800 Purchases 794,500 Cost of goods available for sale 996,300 Inventory, Dec. 31, 2020 (170,100 ) Cost of goods sold 826,200 Gross profit on sales 572,700 Operating expenses 168,800 Net income $403,900 (a) Compute the following ratios or relationships of Martinez Inc. Assume that the ending account balances are representative unless the information provided indicates differently. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.) (1) Current ratio times (2) Inventory turnover times (3) Accounts receivable turnover times (4) Earnings per share $ (5) Profit margin on sales % (6) Return on assets on December 31, 2020 %