Ratio Computations and Analysis Vogue Company's condensed financial statements provide the following information.
(a) Determine the following for 2010.
(1) Current ratio at December 31.
(2) Acid-test ratio at December 31.
(3) Accounts receivable turnover.
(4) Inventory turnover.
(5) Rate of return on assets.
(6) Profit margin on sales.
(b) Prepare a brief evaluation of the financial condition of Vogue Company and of the adequacy of its profits.
.PNG)