Exercise 3-18 (Static) Calculating ratios; solve for unknowns (LO3-8] The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable, and inventory. The December 31, 2021, balance sheet revealed the following Inventory Total assets Current ratio Acid-test ratio Debt to equity ratio $340,000 $2,800,000 2.25 1.2 1.8 Required: Determine the following 2021 balance sheet items 1 Current assets 12 Shareholders' equity 3 Long term assets 4. Long-term liabilities