Use the Evan, Inc. balance sheet data below. (Click the icon to view the assets section of the balance sheet.) (Click the icon to view the liabilities and shareholders' equity sections of the balance sheet.) (Click the icon to view the acid-test ratios of other companies.) 1. Compute Evan, Inc.'s quick (acid-test) ratio at December 31, 2020, and 2019. 2. Use the comparative information for Farmer Inc, Gagnon Company, and Horner Companies Limited. Is Evan's quick (acid-test) ratio for 2020 and 2- 1. Compute Evan, Inc.'s quick (acid-test) ratio at December 31, 2020, and 2019. Select the formula, and then enter the amounts to calculate the acid-test ratio. (Abbreviations used: Avg. - average, ST - short-term. Enter the amo it mput Evan, Inc. Balance Sheets (Adapted) As at December 31, 2020, and 2019 (dollar amounts in millions) Assets Current assets Cash and cash equivalents Short-term investments Receivables, net Inventories Prepaid expenses and other assets Total current assets S Increase (Decrease) 2020 2019 Amount Percentag 1,202 $ 902 $ 300 33.3 % 2 82 (80) (97.6) 244 254 (10) (3.9) 92 82 10 12.2 274 394 (120) (30.5) 1,814 1,714 100 5,8 Print Done Evan, Inc. Balance Sheets (Adapted) As at December 31, 2020, and 2019 (dollar amounts in millions) Liabilities and Shareholders' Equity Current liabilities: Accounts payable Income tax payable Short-term debt ag Other e it Total current liabilities Long-term debt input Increase (Decrease) 2020 2019 Amount Percentage 984 S 886 $ 98 11.1% 48 80 (32) (40.0) 122 116 6 52 ea 72 74 (2) (2.7) 1,226 1,156 70 6.1 3,466 2,954 512 17.3 Print Done Evan, Inc. acid-test ratios of other companies Company Farmer, Inc. (Utility) Gagnon Company (Department store). Horner Companies Limited (Grocery store) Print Done - X Quick (Acid-Test) Ratio 0.71 1.01 1.05 6 6