You are the accountant at Spin Master. Refer to Appendix III for Spin Master’s Consolidated Balance Sheets as at December 31, 2017. Your manager has asked you to do the following:

a. Calculate the current ratio, quick ratio, and debt to equity ratios for 2016 and 2017 (round to two decimal places).

b. Comment on the ratios, the change between 2016 and 2017 and what additional information you would want to know to get a better picture of Spin Master’s financial performance.