6. Using last year's figures from Big W Construction's balance sheet (Figure 2-2, page 14), calculate the following ratios: a. quick ratio b. current ratio c. debt to equity ratio d. fixed assets to net worth ratio e. current assets to total assets ratio

BIG W CONSTRUCTION BALANCE SHEET Current Last Year Year ASSETS CURRENT ASSETS Cash 200,482 144 254 Accounts Receivable-Trade 402.854 308 263 Accounts Receivable-Helention 25,366 21,885 Inventory 0 Costs and Profits in Excess of Billings 32,586 16 234 Notes Receivable 12,548 Prepaid Expenses 5,621 4.826 Other Current Assets 11,254 7 226 Total Current Assets 620,720 501 676 FIXED AND OTHER ASSETS Land 72,000 72.000 Buildings 103,862 103 862 Construction Equipment 85,284 86 284 Trucks and Autos 61,245 31.556 Office Equipment 66, 896 42 546 Total Fixed Assets 379,287 346 248 Less Acc. Depreciation 224,512 066 281 Net Fixed Assets 164,776 162 258 Other Assets 178,544 171 256 Total Assets 836,180 LIABILITIES Current Liabilities Accounts Payable-Trade 325,450 228 585 Accounts Payable-Retention 22,546 18 254 Bilings in Excess of Costs and Profits 5,218 11 562 Notes Payable 15,514 46 260 Accrued Payables 16,648 16.658 Accrued Taxes 10,521 8 264 Accrued Vacation 3,564 3.002 Capital Lease Payable Warranty Reserves 0 0 Other Current Liabilities 25,438 36.648 Total Current Liabilities 423,907 367 213 Long-Ten Liabilities 163,216 80 073 Total Liabilities 677,122 466 286 OWNER'S EQUITY Capital Stock 10,000 10.000 Retained Earnings 436,917 360 904 Current Period Net Income 0 Total Equity 446,917 260 904 Total Liabilities and Equity 1,024,038 136,190