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The following is a December 31, 2018, post-closing trial balance for Culver City Lighting, Inc. Account Title Cash Accounts receivable Inventories Prepaid insurance Equipment Accumulated depreciation-equipment Patent, net Accounts payable Interest payable Note payable (due in 10, equal annual installments) Common stock Retained earnings. Totals Debits Credits $ 57,000 41,000 47,000 17,000 120,000 $ 36,000 42,000 13,000 3,000 120,000 72,000 80,000 $324,000 $324,000 a. Calculate the current ratio. b. Calculate the acid-test ratio, c. Calculate the debt to equity ratio. a. Calculate the current ratio. b. Calculate the acid-test ratio. c. Calculate the debt to equity ratio. Current Ratio Numerator Denominator Acid-Test Ratio Numerator Denominator Debt to Equity Ratio Numerator Denominator The current asset section of Stibbe Pharmaceutical Company's balance sheet included cash of $32,000 and accounts receivable of $52,000. The only other current asset is inventories. The company's current ratio is 3.0 and its acid-test ratio is 2.5. Determine the ending balance in inventories and total current liabilities. Inventario Current liabilities $ $ 66.000 52,000 The company's 2018 income statement reported the following amounts ($ in 000s): Net sales Interest expense Income tax expense Net income $4,900 50 130 190 Required: 1. Calculate the current ratio. (Round your answer to 2 decimal places.) 2. Calculate the acid-test ratio. (Round your answer to 3 decimal places.) 3. Calculate the debt to equity ratio. (Round your answer to 2 decimal places.) 4. Calculate the times interest earned ratio. (Round your answer to 1 decimal place.) Current ratio Acid-test ratio Debt to equity ratio Times interest earned ratio times The following is a December 31, 2018, post-closing trial balance for the Jackson Corporation Credits Debits $ 40,000 34,000 75,000 16,000 10,000 145,000 $ 11,000 Account Title Cas! Accounts receivable Inventories Prepaid rent for the next 8 months Marketable securities (short term) Machinery Accumulated depreciation-machinery Patent (net of amortization) Accounts payable Wages payable Taxes payable Bonds payable (due in 10 years) Common stock Retained earnings Totals 83,000 8,000 4.000 32.000 200,000 100.000 48.000 $403,000 $403,000 Required: Prepare a classified balance sheet for Jackson Corporation at December 31, 2018. (Amounts to be deducted should be indicated by a JACKSON CORPORATION Balance Sheet At December 31, 2018