Given the Following Financial Data for Cliniva Corp,calculate the Ratios

Essay

Given the following financial data for Cliniva Corp,calculate the ratios listed below the data.
Cliniva Corp.
Partial Income statement
Far the year ended December 31, 2021
$\begin{array}{|l|r|}\hline \text { Sales (all on credit) } & \$ 650,000 \\\hline \text { Cost of goods sold } & 225,400 \\\hline \text { Income before taxes } & \$ 424,600 \\\hline \text { Income tax expense } & 186,000 \\\hline \text { Profit } & \$ 238,600\\\hline \end{array}$ Cliniva Corp.
Comparative Balance Sheet
December 31,
$\begin{array}{|l|r|r|}\hline & \mathbf{2 0 2 1} & \mathbf{2 0 2 0} \\\hline \text { Cash } & \$ 14,600 & \$ 18,000 \\\hline \text { Accounts Receivable (net) } & 56,000 & 58,000 \\\hline \text { Merchandise inventory } & 22,800 & 21,400 \\\hline \text { Property, plant and equipment (net) } & 185,000&145,000 \\\hline \text { Total Assets } & \$ 278,400&\$242,400 \\\hline \text { Current liabilities } & \$ 83,000 \\\hline \text { Long-term notes payable } & 89,000 \\\hline\end{array}$ (A)Current ratio.(B)Acid-test ratio.(C)Days' sales uncollected.(D)Merchandise turnover.