calculate the Quick Ratio, Current ratio, Debt Ratio

Using Exhibit 8-12, the balance sheet of Angelina's Jewelry Company at the end of July shown below, calculate all four financial ratios (quick, current, debt, and debt-to-equity) for the business. Exhibit 8-12 Exhibit 8-12 Balance Sheet for Angelina's Jewelry Company Angelina's Jewelry Company Balance Sheet as of July 30, 2009 Assets Liabilities Current Assets Short-Term Liabilities Cash $ 1,000 Accounts Payable Inventory 1,000 Short Term Loans Securities 1,000 Total Short Term Liabilities Total Current Assets $ 3.000 Total Long-Term Liabilities Long-Term Assets 7.000 Owner's Equity Total Assets $10.000 Total Liabilities + Owner's Equity $ 1,000 500 $ 1.500 1,500 $ 7.000 $10.000