$4-2$ Calculate ratios for assessing a company's liquidity

$4-3$ Calculate ratios for assessing a company's solvency

The balance sheet for Fanning Corporation follows:

Current assets

Long$-$term assets $($net$)$

Total assets

Current liabilities

Long$-$term liabilities

Total liabilities

Common stock and retained earnings

Total liabilities and stockholders' equity

Required

Compute the following. $($Round "Ratios" to $1$ decimal place.$)$

Answer is complete but not entirely correct.