Presented below is information related to Sheffield Inc. SHEFFIELD INC. BALANCE SHEET DECEMBER 31, 2020 Cash $45,300 Notes payable (short-term) $50,400 Receivables $110,600 Accounts payable 31,800 Less: Allowance 14,900 95,700 Accrued liabilities 5.100 Inventory 170,200 Common stock (par $5) 262,200 Prepaid insurance 8,100 Retained earnings 140,600 Land 19,800 Equipment (net) 151,000 $490,100 $490,100 SHEFFIELD INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $1,395,600 Cost of goods sold SHEFFIELD INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $1,395,600 Cost of goods sold Inventory, Jan 1, 2020 $200,000 Purchases 786,800 986,800 (170,200) Cost of goods available for sale Inventory, Dec 31, 2020 Cost of goods sold Gross profit on sales 816,600 579,000 Operating expenses 171,400 Net income $407,600 (a) ) 0 Compute the following ratios or relationships of Sheffield Inc. Assume that the ending account balances are rep the information provided indicates differently. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%) times (1) 1 Current ratio (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 %