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(20 points) Ratio Analysis Use your knowledge of balance sheets and ratio analysis to complete the following abbreviated balance sheet (9 points). The current ratio

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(20 points) Ratio Analysis Use your knowledge of balance sheets and ratio analysis to complete the following abbreviated balance sheet (9 points). The current ratio 2.0, and the debt-to-equity ratio 1.0 Asset Liabilities Current assets s 80,000 Current Liabilities Noncurrent assets Noncurrent Liabilities Total Liabilities Owner equity Total liabilities and owner equity s 100,000 Total assets Show your calculation here: Answer the following questions in sentences based on the balance sheet above. 1. (4 points) Calculate the Debt-to-asset ratio and interpret it

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