Use the Financial Data Shown Below to Calculate the Following $\text { Income statement data }$

Use the financial data shown below to calculate the following ratios for the current year:
(a)Current ratio.
(b)Acid-test ratio.
(c)Accounts receivable turnover.
(d)Days' sales uncollected.
(e)Inventory turnover.
(f)Days' sales in inventory.
$\text { Income statement data }$
Sales (all on credit)……………………………… $650,000
Cost of goods sold………………………………….425,000
Income before taxes………………………………..78,000
Net income………………………………………… 54,600
$\begin{array}{|l|c|c|}\hline&\text { Ending } & \text { Beginning } \\&\text { Balances } & \text { Balances }\\\hline \text { Cash } & 19,500 & 15,000 \\\hline \text { Accounts receivable (net) } & 65,000 & 60,000 \\\hline \text { Inventory } & 71,50 \mathrm{~d} & 64,500 \\\hline \text { Plant and equipment (net) } & 195,000 & 183,900 \\\hline \text { Total assets } & \$ 351.00 \mathrm{~d} & \$ 323,400 \\\hline \text { Current liabilities } & \$ 62,400 & \$ \quad 52,700 \\\hline\text { Long-term notes payable } & 97,500 & 100,000\\\hline\end{array}$