Question: explain with equation USE THE FOLLOWING BALANCE SHEET TO ANSWER 15, 16, and 17. Corona Company's balance sheet accounts follow: Total liabilities and equity $449,206$385,680$321,400

explain with equation
explain with equation USE THE FOLLOWING BALANCE SHEET TO ANSWER 15, 16,

USE THE FOLLOWING BALANCE SHEET TO ANSWER 15, 16, and 17. Corona Company's balance sheet accounts follow: Total liabilities and equity $449,206$385,680$321,400 15. Using Corona Company's balance sheet, what is their current ratio for 2011 ? A. 1.96 B. 2.32 C. 1.07 D. 1.92 16. What is Corona Company's accounts receivable turnover ratio for 2010 assuming net sales for the period were $1,236,783 ? A. 27.21 B. 25.99 C. 22.91 D. 30.05

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