Tammy's Fish Hut Income Statement For the Year Ended December 31, 2019 Sales $222,000 Cost of Goods Sold $142,000 Gross Profit $80,000 Operating Expenses Insurance Expense Rent Expense Salaries Expense $4,000 $15,000 $23,000 $800 $3,000 Interest Expense Depreciation Expense Total erating Expenses Net Income $45,800 $34 200 Tammy's Fish Hut Balance Sheet As at December 31 2019 2018 Assets Cash $56.400 $20,000 Accounts Receivable 11,000 16,000 Merchandise Inventory 47,000 32.000 Total Current Assets 114.400 68,000 Land 75,000 75,000 Equipment 90,000 90,000 Less Accumulated Depreciation -48.200 -45,000 Total Assets $231,200 $188,000 Liabilities Accounts Payable $99,000 $81,000 Salaries Payable 24.000 20,000 Total Current Liabilities 123,000 101,000 Bank Loan 44.000 57,000 Total Liabilities 167,000 158,000 Owner's Equity Tammy, Capital 64.200 30,000 Total Owner's Equity 64 200 30,000 Total Liabilities and Equity $231,200 $188,000 Answer the following multiple choice questions by selecting the correct answer from the dropdown boxes. What is the current ratio for 2019? What is the inventory turnover for 2019? What is the debt to equity ratio for 2019? What is the gross profit margin in 2019? If the numbers on the income statement were expressed as 9's, what would be reported for Rent Expense in 2019