20X3	20X4
CURRENT ASSETS:
	Cash	$ 60,000	$ 80,000
	Inventories	$ 33,000	$ 38,000
	Marketable Securities	$ 19,000	$ 9,000
	Accounts Receivable	$ 24,000	$ 30,000
	Total Current Assets	$ 136,000	$ 157,000
FIXED ASSETS:		$ 350,000	$ 450,000
TOTAL ASSETS		$ 486,000	$ 607,000
CURRENT LIABILITIES:
	Accounts Payable	$ 45,000	$ 31,000
	Accrued Expenses	$ 15,000	$ 8,000
	Wages Payable	$ 10,000	$ 6,000
	Total Current Liabilities	$ 70,000	$ 45,000
LONG TERM LIABILITIES:		$ 116,000	$ 160,000
OWNERS EQUITY:		$ 300,000	$ 402,000
TOTAL LIABILITIES & EQUITY		$ 486,000	$ 607,000
Additional information :		20X3	20X4
	Total Revenue		$ 318,000
	Income Before Interest & Tax		$ 75,000
	Interest Expenses		$ 7,000
	Income After Interest & Tax		$ 50,000
	Market Price Per Share		$ 1.40
	Outstanding Shares	310,000	350,000

Required: Using the information above, calculate the ratios for 20X4:

1. Current Ratio:

2. Quick (Acid-Test) Ratio:

3. Average Collection Period:

4. Working Capital Turnover:

5. Solvency Ratio (TA:TL):

6. Debt-Equity Ratio:

7. Number of Times Interest Earned Ratio: