Calculate the current ratio and the debt ratio for Tietz Consulting at December 31, 2023. Assets Current

Calculate the current ratio and the debt ratio for Tietz Consulting at December 31, 2023.

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Assets Current assets Cash Tietz Consulting Balance Sheet December 31, 2023 Accounts receivable Prepaid insurance Total current assets Property, plant, and equipment Furniture Less: accumulated amortization Total assets Liabilities Current liabilities Accounts payable Unearned service revenue Total current liabilities Owner's Equity C. Tietz, capital Total liabilities and owner's equity $31,200 7,800 $15,800 1,600 $27,200 5,400 2,400 35,000 23,400 $58,400 $17,400 41,000 $58,400