Calculate the financial ratios from the following information:

1) current ratio

2)quick ratio

3) cash ratio

BALANCE SHEET

20162017 2016 2017

ASSETSLIABILITIES

Current AssetsCurrent Liabilities

Cash3,2913,507Accts Pay2,1332,560

Accts Rec4,7875,821Notes Pay1,7302,076

Inventory12,39813,822Other86103

TOTAL20,47623,150TOTAL3,9494,739

Long Term Debt13,80016,560

Fixed Assets

Net Plant and Equip48,90772,969OWNER'S EQUITY

Common Stock and

Paid in Surplus36,00036,000

Accum Retain Earn15,63438,820

TOTAL51,63474,820

TOAL LIABILITIES and

Owners Equity69,38396,119

INCOME STATEMENT

2017

Sales186,570

Cost of Goods Sold125,803

Depreciation5,373

EBIT55,394

Interest Paid1,470

Taxable Income53,924

Taxes18,873

Net Income35,051

Dividends11,865

Retained Earnings23,186