Below is a simplified balance sheet for Summerside Inc. (Summerside):

Required:
Calculate the following on December 31, 2017 using Summerside€™s balance sheet.
Explain what each amount tells you.
a. working capital
b. current ratio
c. debt-to-equityratio

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Summerside Inc. Balance Sheet As at December 31, 2017 Assets Current assets Non-current assets6,250,000 Liabilities and shareholders' equity $2,250,000 Current liabilities $1,750,000 2,500,000 4,250,000 8,500,000 Total liabilities and shareholders' equity $8,500,000 Non-current liabilities Shareholders' equity Total assets