Calculate following Ratios I) II) II) IV) Current Ratio Acid Test Ratio Long term Debt to Equity Ratio Inventory Turnover Ratio 3. Balance Sheet Liabilities Shareholders Equity (50,000 shares) Long-term Debt Account Payable Other Current Liabilities Amount Asets Amount 3,00,000 Long-term Assets Cash 1,00,000 Accounts Receivables 80,000 Inventory 20,000 5,00,000 3,50,000 25,000 60,000 65,000 5,00,000 Income Statement Particulars Amount 9,00,000 4,00,000 Sales Cost of Goods Sold General, Administrative and Selling Expenses Other Expenses Net Income (PAT) 1,00,000 2,50,000 1,50,000