1. The following shows the statement of "The Widget Manufacturing Company." 

Instructions: Calculate the company's Current ratio and Quick ratio

2. The following shows the Income Statement of "The Widget Manufacturing Company."

Instructions: Calculate the Net Profit Margin Ratio of the company.

WIDGETMANUFACTURING COMPANY BALANCE SHEET AS OF DECEMBER 31, 200Y ASSETS: Cash Marketable securities Account Receivable (Net) Inventories Total Current Assets Fixed Assets Plant & Equipment Less: Accumulated Depreciation Net Plant & Equipment TOTAL ASSETS 2,550 2,000 $16,675 $47,695 $41,000 511 000 $30,000 $77,695 LIABILITIES Accounts Payable Short-term Bank Loan Total Current Liabilities Total Long Term Debt TOTAL LIABILITIES EQUITY Common Shares Retained Earnings TOTAL EQUITY Total Liabilities & Equity 9,500 $20,875 S24,000 $25,000 FZ820 $32,820 $77,695