Extracted text: Question#02: 04 The comparative statements of HRN Company are presented below: HRN Company Balance Sheet As on December 31 2016 Tk. 4,300 21,200 10,000 20,000 70,000 (15,000) Tk. 110,500 Tk. 12,370 75,000 23,130 Tk. 110,500 Title 2015 Cash Accounts Receivable (net) Inventory Land Buildings | Accumulated depreciation-building Tk. 3,700 23.400 7,000 26,000 70,000 (10,000) Tk. 120.100 Tk. 31,100 69.000 20,000 Tk. 120,100 Total Accounts Payable |Common Stock Retained earnings Total Page 1 of 2 HRN Company's 2016 Income statement included total net sales of Tk.120,000, cost of goods sold of Tk.60,000, sales return and allowances of Tk. 5,000, sales discount of Tk. 15,000 and net income of Tk.15,000 Instructions: Compute the following ratios for 2016 with interpretation a) Current ratio. b) Acid-test ratio. c) Account receivable turnover. d) Inventory tumover. e) Profit margin. f) Return on asset.