The top management of Marquis Marketing Services examines the following company accounting records at August 29, immediately before the end of the year, August 31:

1. Suppose Marquis’s management wants to achieve a current ratio of 2. How much in current liabilities should Marquis pay off within the next two days in order to achieve its goal?
2. Calculate Marquis’s leverage ratio and debt ratio. Evaluate the company’s debt position. Is it low, high, or about average? What other information might help you to make adecision?

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Total current assets. Noncurrent asse1,098,500 Total current liabilities... Stockholders' equity 324,500 $1,423,000 $ 173,800 1,001,700 $1,423,000