Total Inc. comparative balance sheet at December 31 1. Operating expenses include depreciation expense of $2,500 2. Accounts Payable related to the purchase of inventory 3. Equlpment that cost $2,000 was sold for $1,500 cash 4. New equipment was purchased during the year for $5,000 5. Common shares were sold for $2,000 cash Round answers to fit 2 decimal places in all questions (in \% questions a 0.12 is presented as 12%,50,0.124 is rounded as 12% and 0.127 is ron 13\%) The quick ratio at December 205 was: Mutiple Choice Equal or above 2.65 Not enough date provided to catculate it Between 0.83 and 2.64 Equat or below 021 Getween 0.22 ano 087 Excelsior Corporation has the following headings on its December 31, 2019 Balance Sheet: Total Current Assets $200,000 Total Assets $500,000 Total Current Liabilities $131,000 Total Non Current Liabilities $300,000 On January 2020 Excelsior selis temporary investments to pay off $33,600 in long term debt Required 1: How much will working capital increase (decrease) by when comparing December 2019 with January 2020 ? $ Required 2: If no other transaction took place in January 2020, the current rotio at the end of January 2020 is: Required 3: If no other transaction took place in January 2020, the debt to equity ratio at the end of January 2020 is: Required 4: If no other transoction took place in January 2020 , the financial leverage in January 2020 is (calculate the Equity Ratio and not the Equity Ratio percentage): Required 5: if last 12 month sales as of January 2020 amount to $480,000, the working capital furnover for the period ended January 31 st 2020 is