Use the Falcon Sporting Goods data in short Exercise S3-12 to compute Falcon's

1. Current ratio
2. Debt ratio
Round to 2 decimal places. Do these ratio values look strong, weak or middle-of-the-road?

Cost of goods sold..$126,000 900 Retained earnings, March 31,20X31 Accounts receivable.... 27,700 Property and equipment Total current liabilities.. All other expenses 1,300 Cash. 174,500 net. 45,000 Inventories 7,200 26,000 33,000 .. 4,800 Long-term liabilities .