Use the information in the adjusted trial balance presented below to calculate and interpret the following ratios for ZERO ONE Company 1. Current ratio 2. Quick ratio 3. Which of the above ratios (from parti & il) are more strict and why? Cr. Dr. 24,200 16,600 7,200 106,000 53,000 Account Title Cash Accounts recelynble Prepaid insurance Equipment Accumulated Depreciation - Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable ZERO ONE, Capital 101.000 18,200 3,000 5,600 36.000 139,200 Totals 255,000 255,000 (B) Given the following data: Sales = $135,000 Sales discounts = $2,000 Sales returns = $3,200 Costs of Goods Sold = $90,000 Calculate and interpret the Gross Profit Margin (GPM)