Question: Find current ratio, quick ratio, debt ratio and return on equity ASSETS Current Assets: LIABILITIES Current Liabilities: Cash in Bank Petty Cash Net Cash Inventory

Find current ratio, quick ratio, debt ratio and return on equity  Find current ratio, quick ratio, debt ratio and return on equity

ASSETS Current Assets: LIABILITIES Current Liabilities: Cash in Bank Petty Cash Net Cash Inventory Accounts Receivable Prepaid Insurance $18,500.00 Accounts Payable $4,800.00 S500.00 Wages Payable $19,000.00 Office Rent $25,400.00 Utilities S14,300.00 S430.00 S5,300.00 Federal Income Tax Payable 5,500.00 Overdrafts $2,600.00 Total Current Assets S55,200.00 Customer Deposits 900.00 720.00 S1,200.00 $24,950.00 sion Payable Union Dues Payable Pen Fixed Assets: Land S150,000.00 Medical Payable 330,000.00 Sales Tax Payable Buildings Less Depreciation Net Land & Buildings $50,000.00 Total Current Liabilities $430,000.00 Long-Term Liabilities: Equipment Less Depreciation Net Equipment $68,000.00 Long-Term Loans 35,000.00 Mortgage 33,000.00 Total Long-Term Liabilities 40,000.00 $155,000.00 $195,000.00 TOTAL LIABILITIES 219,950.00 Owners' Equity: Common Stock Owner Draws Retained Earnings 120,000.00 50,000.00 128,250.00 $298,250.00 Total Owners' Equity: TOTAL ASSETS S518,200.00 LIABILITIES AND EQUITY 518,200.00

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