Alpha company has the following comparative balance sheet data: Alpha Company Balance Sheets December 31 2020 Cash 20,000 Accounts receivable (net) Inventory Plant assets (Net) 70,000 60,000 2,00,000 3,50,000 Accounts payable Mortgage payable (6%) Common stock, $10 per Retained earnings 53,000 102,000 1,45,000 50,000 3,50,000 Additional information for 2020: 1. Net income was $45,000 2. Sales on account were $450,000. Sales returns and allowances were 3. Cost of goods sold was $218,000. Requirements: Compute the following ratios at December 31, 2020 (a) Current Ratio (b) Inventory Turnover Ratio (c) Debt to Equity Ratio (

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