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Pronghorn Companys condensed financial statements provide the following information. PRONGHORN COMPANY BALANCE SHEET Dec. 31, 2017 Dec. 31, 2016 Cash $ 52,400 $ 60,600 Accounts

Pronghorn Companys condensed financial statements provide the following information.

PRONGHORN COMPANY BALANCE SHEET

Dec. 31, 2017

Dec. 31, 2016

Cash $ 52,400 $ 60,600
Accounts receivable (net) 197,600 79,200
Short-term investments 79,200 40,000
Inventory 437,500 361,900
Prepaid expenses 3,000 7,000
Total current assets $ 769,700 $ 548,700
Property, plant, and equipment (net) 854,600 858,900
Total assets $1,624,300 $1,407,600
Current liabilities 233,500 167,200
Bonds payable 404,000 404,000
Common stockholders equity 986,800 836,400
Total liabilities and stockholders equity $1,624,300 $1,407,600

INCOME STATEMENT FOR THE YEAR ENDED 2017

Sales $1,649,400
Cost of goods sold (799,700)
Gross profit 849,700
Selling and administrative expenses (444,100)
Interest expense (39,600)
Net income $ 366,000

Determine the following for 2017. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.)

(1) Current ratio at December 31
(2) Acid-test ratio at December 31
(3) Accounts receivable turnover
(4) Inventory turnover
(5) Return on assets
(6) Profit margin on sales

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