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Task 4 Using the following condensed balance sheet, calculate the working capital, current ratio, quick ratio, debt ratio, and equity ratio for the company. Again, use the same word processing file. Carmichael and Sons Limited Condensed Balance Sheet December 31, 20--- (in thousands of dollars) Assets Current Assets Cash $85 000 350 000 400 000 80 000 Accounts Receivable Merchandise Inventory Prepaid Expenses Total Current Asset Fixed Assets Total Assets 915 000 1 300 000 $2 215 000 Liabilities and Owner's Equity Current Liabilities Long-term Liabilities Total Liabilities $400 000 900 000 1 300 000 915 000 Owner's Equity Total Liabilities an Owner's Equity $2 215 000