The condensed financial statements of Marks Company for the years 2017-2018 are presented below: Marks Company Comparative Balance Sheets As of December 31, 2017 and 2018 2018 2017 Cash $ 630,000 $ 180,000 Accounts receivable (net) 540,000 450,000 Inventories 570,000 510,000 Plant and equipment 2,700,000 1,608,000 Accumulated depreciation (390,000) (228,000) $4,050,000 $2,520,000 Accounts payable $ 510,000 $ 240,000 Dividends payable 60,000 Bonds payable 600,000 Common stock ($10 par) 2,280,000 1,800,000 Retained earnings 660,000 420.000 $4,050,000 $2.520,000 Additional data: Market value of stock at 12/31/18 is $80 per share. Marks sold 48,000 shares of common stock at par on July 1, 2018. Marks Company Condensed Income Statement For the Year Ended December 31, 2018 Sales revenue $3,600,000 Cost of goods sold 2475,000 Gross profit 1,125,000 Administrative and selling expenses 750,000 Net Income $ 375.000 -0. Instructions Compute the following financial ratios by placing the proper amounts in the parentheses provided for numerators and denominators. a. Current ratio at 12/31/18 b. Acid test ratio at 12/31/18 C. Inventory turnover in 2018 d. Earnings per share in 2018