2 . U'sE the balance sheets of Glover shown below to calculate the following ratios for 2010 ( round to the hundredths ] ." ( a ) Current ratio . ( b ) Acid - test ratio . [ ] Debt ratio . [ d ] Equity ratio. Glover COMPANY Balance SHEETS DECEMBER 31, 2018 and 2017 2010 2017 ASSETS* Cash $ 43.00 0` $ 27.000 Accounts receivable 30,000 4 2,000 Merchandise inventory* 51,000 52,000 Prepaid insurance* 5,000 9.000 LONG - TEFILL investments 45,000 20, 000 Plant assets [NIET* 218.000 218.000 Total assets $ 415,000 $353,000 Liabilities and Equity . Current liabilities $ 75, 000 LONG - termI liabilities 45,000 35,OOD LOIIIIIION Stock 150, 000 150, 000 RETAINEd FACILITIES 158.000 102.000 Total liabilities and Equity* $ 415,000 $353,000