The condensed balance sheet and income statement for Marjoram Company are presented below. MARJORAM COMPANY Balance Sheet At December 31, 2018 Cash Nontrade receivable due August 15, 2019 Accounts receivable (net) Merchandise inventory Property, plant, and equipment (net) Intangible assets Total assets Current liabilities 114 Bonds payable, long-term Paid-in capital Retained earnings Total liabilities and equity $ 19,000 35,000 48,400 70,600 250,000 12,400 $435, 400 $108,400 100,000 70,000 157,000 $435,400 MARJORAM COMPANY Income Statement For the Year ended December 31, 2018 Sales $704,000 Cost of goods sold 422,400 Gross profit $281,600 Operating expenses 166,200 Operating income $115,400 Interest expense 11,000 Income before income taxes $104,400 Income taxes 31,320 Net income $ 73,080 Required: Compute the current ratio for Marjoram Company. (Round your answer to two decimal places.) Current ratio Required: Compute the acid-test ratio for Marjoram Company. (Round your answer to two decimal places.) Acid-test ratio Required: Compute the debt to equity ratio for Marjoram Company. (Round your answer to two decimal places.) Debt to equity ratio Required: Compute the times interest earned ratio for Marjoram Company (Round your answer to two decimal places.) Times interest earned ratio Required: Compute the return on shareholders' equity ratio for Marjoram Company, (Round your percentage answer to nearest whole percent. Return on shareholders' equity %