C2 - Selected information for Smith Company are presented below. [SK3, AR2: 10 marks] December 31, 2019 December 31, 2018 Cash 100,000 50,000 250,000 200,000 250,000 $74,400 45,000 225,000 150,000 225,000 Short-term investments Net receivables Inventories Total current liabilities During 2019, net sales were $2,500,000, cost of goods sold was $2,000,000, and net income was $850,000. Required: Compute the following ratios for Smith Company at December 31, 2019: a. Current. b. Acid-test. c. Accounts receivable turnover. d. Profit margin. e. Inventory turnover