2017 and 2018 Statement of Financial Position Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash Accounts receivable Inventory Total $ 24,046 12,448 25,392 $ 61,886 $ 24,255 Accounts payable 15,235 27,155 Notes payable Other $ 23,184 12,000 11,571 $ 27,420 10,800 15,553 $ 66,645 Total $ 46,755 $ 53,773 Long-term debt $ 80,000 $ 95,000 Fixed assets Owners' equity Net plant and equipment $324,695 $365,734 Common stock and paid-in surplus Retained earnings $ 40,000 $ 40,000 Total 219,826 $259,826 243,606 $283,606 Total assets $386,581 $432,379 Total liabilities and owners' equity $386,581 $432,379 EARL GREY GOLF CORP. 2018 Statement of Comprehensive Income Sales $366,996 Cost of goods sold Depreciation Earnings before interest and tax Interest paid Taxable income 253,122 32,220 $ 81,654 14,300 $ 67,354 Taxes (35%) Net income 23,574 $ 43,780 Dividends Additions to retained earnings $20,000 23,780 Find the following financial ratios for Earl Grey Golf Corp. (use year-end figures rather than average values where appropriate): (Round the final answers to 2 decimal places.) Short-term solvency ratios: a. Current ratio b. Quick ratio c. Cash ratio 2017 times times times 2018 times times times