Using the following year-end information for Calvin's Clothing, calculate the current ratio and acid-test ratio for the business $ Cash Short-term investments Accounts receivable Inventory Prepaid expenses Accounts payable Other current payables 59,140 15,000 60,000 290,000 6,520 109,000 32,200 Hon.com/ext/map/index.html?_conacon&external_browser=0&launchUrl=https%253A%252F%252Fms.mheducation.com%252Fmghmiddleware%252Fmheproduer company's net sales were $742,300, its cost of goods sold was $246.440 and its net income was $70,650. Its gross margin ratio equals: Multiple Choice 95% 287 O 3 O som 2012 Saved A company has sales of $407400 and its gross profit is $171,900 Its cost of goods sold equals. Multiple Choice $(233,700) 5407,400, $171.900 $235,500 $579,300