2018 2019 Balance Sheets as of December 31, 2018 and 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 52.990 $ 67,084 Accounts payable Accounts receivable 62,781 83,139 Notes payable Inventory 122,559 188,119 $ 189,422 $ 197,111 84,520 136,088 Total $273,942 $ 333,199 Total $238,330 $338,342 $236,000 $ 172,750 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 219,000 $ 219,000 167,635 203,121 Fixed assets Net plant and equipment 589,728 $658,247 $ Total $386,635 $ 422,121 Total assets $896,577 $928,070 Total liabilities and owners' equity $ 896,577 $928,070 Calculate the following financial ratios for each year: 2 4.75 points a. Current ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Quick ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Cash ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) d. Debt-equity ratio and equity multiplier. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) e. Total debt ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) a. 2018 current ratio times times 2019 current ratio 2018 Quick ratio b. times 2019 Quick ratio times times times times c. 2018 Cash ratio 2019 Cash ratio d. 2018 Debt-equity ratio 2018 Equity multiplier 2019 Debt-equity ratio 2019 Equity multiplier e 2018 Total debt ratio times times times times 2019 Total debt ratio times