Question: just solve 4-21 based on 4-20 Exercise 4-20 Calculating the current ratio and quick ratio LO7 The following is selected simplified information from Organic Catering's

just solve 4-21 based on 4-20
just solve 4-21 based on 4-20 Exercise 4-20 Calculating the current ratio
and quick ratio LO7 The following is selected simplified information from Organic

Exercise 4-20 Calculating the current ratio and quick ratio LO7 The following is selected simplified information from Organic Catering's balance sheet as at December 31, 2020 and December 31, 2021. You, business analyst at Organic Catering, have been asked to calculate the cur- rent ratio and the quick ratio (round to two decimal places). Provide your manager with comments on the ratios and the change from 2020 to 2021. I 285 bookshelf.vitalsource.com CHAPTER 4 Completing the Accounting Cycle and Classifying Accounts (Numbers in thousands) Accounts receivable Notes receivable (current Inventories Prepaid expenses and other (cument assets Current liabilities Shareholders' equity I 2021 $ 6,501 4,368 220 123 190 11,061 31,376 45.964 2020 $ 2.800 4,616 265 137 695 10,649 31,500 56.700 Exercise 4-21 Calculating the debt to equity ratio L07 Refer to the information in Exercise 4-20. You, business analyst at Organic Catering, have been asked to calcu late the debt to equity ratio (round to two decimal places). Provide your manager with comments on the ratio and the change from 2020 to 2021

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