Question: Assets 2 0 2 1 2 0 2 2 Liabilities and Owners Equity 2 0 2 1 2 0 2 2 Current assets Current liabilities

Assets20212022Liabilities and Owners Equity20212022Current assetsCurrent liabilitiesCash$ 27,536$ 31,383Accounts payable$ 198,119$ 209,844Accounts receivable66,34677,916Notes payable91,496104,992Inventory156,765185,533Total$ 289,615$ 314,836Total$ 250,647$ 294,832Long-term debt$ 345,000$ 365,000Owners equityCommon stock and paid-in surplus$ 175,000$ 183,000Fixed assetsAccumulated retained earnings294,550382,093Net plant and equipment$ 853,518$ 950,097Total$ 469,550$ 565,093Total assets$ 1,104,165$ 1,244,929Total liabilities and owners equity$ 1,104,165$ 1,244,929
Based on the balance sheets given, calculate the following financial ratios for each year:
Current ratio.
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
Quick ratio.
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
Cash ratio.
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
Debt-equity ratio and equity multiplier.
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
Total debt ratio.
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.

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