The financial statements of Ajman Company appear below: AJMAN COMPANY Comparative Balance Sheet As at December 31 2019 and 2020 Assets: 2020 Cash $ 20,000 Accounts receivable (net) 40,000 Inventory 60,000 Property, plant and equipment (net) 260,000 Total assets $ 380,000 2019 $40,000 30,000 70,000 300,000 $ 440,000 Liabilities and shareholders' equity: $ 30,000 20,000 Accounts payable Short-term notes payable Bonds payable Share capital - ordinary ($1.50 par value) Retained earnings 80,000 120,000 130,000 $ 380,000 $ 40,000 30,000 150,000 120,000 100,000 $ 440,000 Total liabilities and shareholders' equity Ajman's 2020 income statement included net sales of $400,000, cost of goods sold of $250,000, and net income of $60,000, REQUIRED: Compute the following ratios for 2020. a. Acid-test ratio. b. Inventory turnover. c. Profit margin. d. Return on assets. e. Debt to assets ratio