1. Calculate the debt- asset ratio for each year.

2. Calculate the debt- equity ratio for each year.

3. calculate the current ratio for each year. 

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2018: Total Assets 20,000,000; Current Assets 9,000,000; Fixed Assets ?; 11,000,000 Current Liabilities 4,000,000; Long-term Debt 7,000,000; Owner's Equity ?; 9,000,000 Total Liabilities & Owner's Equity ?; 20,000,000 Sales 27,000,000 2019: ● Total Assets 24,000,000; Current Assets 8,000,000; Fixed Assets?; 16,000,000 Current Liabilities 4,000,000; Long-term Debt ?; 12,000,000 Owner's Equity 8,000,000; Total Liabilities & Owner's Equity ?; 24,000,000 Sales 26,000,000 2018: Total Assets 20,000,000; Current Assets 9,000,000; Fixed Assets ?; 11,000,000 Current Liabilities 4,000,000; Long-term Debt 7,000,000; Owner's Equity ?; 9,000,000 Total Liabilities & Owner's Equity ?; 20,000,000 Sales 27,000,000 2019: ● Total Assets 24,000,000; Current Assets 8,000,000; Fixed Assets?; 16,000,000 Current Liabilities 4,000,000; Long-term Debt ?; 12,000,000 Owner's Equity 8,000,000; Total Liabilities & Owner's Equity ?; 24,000,000 Sales 26,000,000 2018: Total Assets 20,000,000; Current Assets 9,000,000; Fixed Assets ?; 11,000,000 Current Liabilities 4,000,000; Long-term Debt 7,000,000; Owner's Equity ?; 9,000,000 Total Liabilities & Owner's Equity ?; 20,000,000 Sales 27,000,000 2019: ● Total Assets 24,000,000; Current Assets 8,000,000; Fixed Assets?; 16,000,000 Current Liabilities 4,000,000; Long-term Debt ?; 12,000,000 Owner's Equity 8,000,000; Total Liabilities & Owner's Equity ?; 24,000,000 Sales 26,000,000 2018: Total Assets 20,000,000; Current Assets 9,000,000; Fixed Assets ?; 11,000,000 Current Liabilities 4,000,000; Long-term Debt 7,000,000; Owner's Equity ?; 9,000,000 Total Liabilities & Owner's Equity ?; 20,000,000 Sales 27,000,000 2019: ● Total Assets 24,000,000; Current Assets 8,000,000; Fixed Assets?; 16,000,000 Current Liabilities 4,000,000; Long-term Debt ?; 12,000,000 Owner's Equity 8,000,000; Total Liabilities & Owner's Equity ?; 24,000,000 Sales 26,000,000 2018: Total Assets 20,000,000; Current Assets 9,000,000; Fixed Assets ?; 11,000,000 Current Liabilities 4,000,000; Long-term Debt 7,000,000; Owner's Equity ?; 9,000,000 Total Liabilities & Owner's Equity ?; 20,000,000 Sales 27,000,000 2019: ● Total Assets 24,000,000; Current Assets 8,000,000; Fixed Assets?; 16,000,000 Current Liabilities 4,000,000; Long-term Debt ?; 12,000,000 Owner's Equity 8,000,000; Total Liabilities & Owner's Equity ?; 24,000,000 Sales 26,000,000 2018: Total Assets 20,000,000; Current Assets 9,000,000; Fixed Assets ?; 11,000,000 Current Liabilities 4,000,000; Long-term Debt 7,000,000; Owner's Equity ?; 9,000,000 Total Liabilities & Owner's Equity ?; 20,000,000 Sales 27,000,000 2019: ● Total Assets 24,000,000; Current Assets 8,000,000; Fixed Assets?; 16,000,000 Current Liabilities 4,000,000; Long-term Debt ?; 12,000,000 Owner's Equity 8,000,000; Total Liabilities & Owner's Equity ?; 24,000,000 Sales 26,000,000

Answer rating: 100% (QA)

To calculate the requested ratios for each year we need to find missing values first and then use th... View the full answer