Chapter 11-in lieu of a depreciation problem, the topic of financial ratios is addressed The condensed balance sheet and income statement for Marjoram Company are presented below. Marjoram Company Balance Sheet At December 31, 2021 Cash Nontrade receivable due August 15, 2022 Accounts receivable (net) Merchandise inventory Property, plant, and equipment (net) Intangible assets Total Assets $ 19,000 35,000 48,400 70,600 250,000 12,400 $435,400 Current liabilities 11% Bonds payable, long term Paid in capital Retained earnings Total liabilities and equity $108,400 100,000 70,000 157,000 $435.400 Marjoram Company Income Statement For the Year ended December 31, 2021 Sales Cost of goods sold Gross profit Operating expenses Operating income Interest expense Income before income taxes Income taxes Net income $704,000 422.400 $281,600 166 200 $115,400 11,000 $104,400 31,320 $ 73,080 1. Compute the current ratio for Marjoram Company. Round your answer to two decimal places. 2. Compute the acid-test ratio for Marjoram Company. Round your answer to two decimal places 3. Compute the debt to equity ratio for Marjoram Company. Round your answer to two decimal places 4. Compute the times interest earned ratio for Marjoram Company. Round your answer to two decimal places Compute the return on shareholders' equity ratio for Marjoram Company. Round your answer to two decimal places. 7 Page M control option command command opti