Following Is a Comparative Balance Sheet for Wong Corporation:
$\text { Assets } \quad 2017 \quad 2016$

Following is a comparative balance sheet for Wong Corporation:
Wong Corporation
Comparative Balance Sheet
December 31,2017 and 2016 $\text { Assets } \quad 2017 \quad 2016$ Current assets
$\begin{array}{lll}\text { Cash } & \$ 12,000 & \$ 8,000 \\\text { Short-term investments } & 7,000 & 9,000 \\\text { Accounts receivable, net } & 33,000 & 20,000 \\\text { Merchandise inventory } & 47,000 & 42,500 \\\text { Prepaid expenses } &2,000&3,000 \\\text { Total current assets } & 101,000&82,500\end{array}$ $\begin{array}{lll}\text { Property, plant, and equipment, net } & 73,400 & 50,000 \\\text { Intangible assets } & \underline{29,000} & \underline{27,500} \\\text { Total assets } & \$ 203,400 & \$ 160,000\end{array}$ liabilities Current liabilities
$\begin{array}{lrr}\text { Short-term note payable } & \$ 60,000 & \$ 65,900 \\\text { Accounts payable } & 20,000 & 22,500\\\text { Total current liabilities }&80,000&88,400\end{array}$ $\begin{array}{lll}\text { Long-term debt } & {37,500} & \underline{20,000} \\\text { Total liabilities } & {117,500}&\underline{108,400}\end{array}$ Shareholders' equity
$\begin{array}{lll}\text { Common shares } & 40,000 & 40,000 \\\text { Retained earnings } & \underline{45,900} & \underline{11,600} \\\text { Total shareholders' equity } & \underline{85,900} & \underline{51,600} \\\hline\end{array}$ Total liabilities & shareholders'
$\text { equity }$$\quad$ $203,400 $\quad$ $160,000 Note: Net sales (all on credit_for the year ended December 31,2017,were $200,000,and the cost of goods sold was $120,000.
The number of common shares outstanding has been 4,000 since the company began operations.
Calculate the following ratios for the year ended December 31,2017:
a_current ratio
b_acid-test ratio
c_inventory turnover
d_accounts receivable turnover
e_debt ratio
f_book value per common share