Example Company Balance Sheet December 31, 2012 ASSETS LIABILITIES $ s Current assets Cash Petty cash Temporary investments Accounts receivable - net Inventory Supplies Prepaid insurance Total current assets 2,100 100 10,000 40,500 31,000 3,800 1,500 89,000 Current liabilities Notes payable Accounts payable Wages payable Interest payable Taxes payable Warranty liability Unearned revenues Total current liabilities 5,000 35.900 8,500 2.900 6,100 1.100 1,500 61,000 Investments 36,000 Long-term liabilities Notes payable Bonds payable Total long-term liabilities 20.000 400,000 420.000 Property, plant & equipment Land Land improvements Buildings Equipment Less: accum depreciation Prop, plant & equip-net 5.500 6,500 180,000 201,000 (56,000) 337,000 Total liabilities 481,000 Intangible assets STOCKHOLDERS' EQUITY Goodwill Trade names Total intangible assets 105,000 200,000 305,000 Common stock Retained earnings Less: Treasury stock Total stockholders' equity 110,000 229,000 (50.000) 289,000 Other assets 3.000 Total assets $ 770.000 Total liabilities & stockholders' equity $ 770.000 The notes to the sample balance sheet have been omitted. According to the balance sheet above, please compute the following ratios (4pts): 1. Current Ratio: 2. Quick ratio: 3. Debt ratio: 4. Debt to Net worth Ratio: Interpret this company's performance based on the four financial ratios above (hint: use the Rule of thumb that we learned in Chapter 11) (4pts)