CALCULATOR PRINTER VERSION 4 BACK NEX Brief Exercise 204 Ayayai & Associates Inc. reports the following account balances for the year ending June 30, 2022: Accounts payable $22,000 Accounts receivable 32,000 Cash and cash equivalents 15,000 Goodwill 120,000 Inventory 80,000 Notes payable (due 2027) 100,000 Interest payable 4,100 Notes payable (due 2023) 15,500 Property, plant, and equipment 530,000 Accumulated depreciation 105,000 Prepaid insurance 9,500 Salaries and wages payable 13,000 Bonds payable 300,000 V Compute the company's (a) current ratio and (b) debt to assets ratio. (Round current ratio to 2 decimal places, e.g. 1.55:1 and debt to assets ratio to o decimal place, e.g. 559.) (a) Current ratio :1 (b) Debt to assets ratio % Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER o