The following is a comparative balance sheet for Lomak Corporation

Lomak Corporation Comparative Balance Sheet December 31, 20X2 and 20X1

Assets Current assets	20X2	20X1
Cash	12,000	8,000
Short-term investment	7,000	9,000
Accounts receivable, net	33,000	20,000
Merchandise inventory	47,000	42,500
Prepaid	2,000	3,000
Total current assets	101,000	82,500
Property, plant & equipment, net	73,400	50,000
Intangible assets	29,000	27,500
Total assets	$203,400	160,000
Liabilities Current liabilities
Short-term note payable	60,000	65,900
Accounts payable	20,000	22,500
Total current liabilities	80,000	88,400
Long-term debt	37,500	20,000
Total liabilities	117,500	108,400
Stockholders equity
Common stock no par	40,000	40,000
Retained earning	45,900	11,600
Total stockholders equity	85,900	51,600
Total liabilities & stockholders equity	$203,400	160,000

Note Net sales ( all on credit) for the year ended December 31, 20X2 were $200,000 and the cost of goods sold was $120,000

The number of shares of common stoke outstanding has been 4,000 since the company began operations.

Required Calculate the following ratios relative to the year ended December 31, 20X@

1,Current ratio 2, acid-test ratio 3, inventory turnover 4,accounts receivable turnover 5,debt ratio 6,book value per share of common stock

What do each of these ratios reveal?