Slamu UALE TUE AT company ar PICCIRCU DUW. December 31, 2017 December 31, 2016 Inventories $ 85,000 $65,000 Accounts receivable (net) 100,000 80,000 Short-term investments 25,000 18,000 Cash 20,000 30,000 Total current liabilities 100,000 90,000 Total Assets 200,000 150,000 Net income 2,550,000 2,800,000 During 2017, net sales were $810,000, and cost of goods sold was 8615,000. Instructions Compute the following ratios for the year ending December 31, 2017 only and use averages for ratios that require you to do so: a. Current ratio. b. Acid-test ratio. c. Accounts receivable turnover in times and days. d. Inventory turnover in times and days. e. Asset Turnover. f. Profit margin