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A condensed balance sheet for Technology, Inc., appears in the following: Technology, Inc. Balance Sheet September 3 0 , 2 0 2 0 ( In

A condensed balance sheet for Technology, Inc., appears in the following:
Technology, Inc.
Balance Sheet
September 30,2020
(In millions)
2020
Assets
Current Assets
Cash and cash equivalents $21,120
Short-term marketable securities 20,481
Accounts receivable, net 16,849
Merchandise inventory 2,349
Other current assets 28,579
Total current assets 89,378
Noncurrent assets
Long-term marketable securities 164,065
Property, plant and equipment, net 22,471
Other assets 14,565
Total assets $290,479
Liabilities and shareholders' equity
Current liabilities
Accounts payable $35,490
Accrued expenses and other liabilities 45,120
Total current liabilities 80,610
Noncurrent liabilities
Long-term debt 90,514
Shareholders' equity
common stock 27,416
Retained earnings 91,939
Total liabilities and shareholders' equity $290,479
Required:
compute the following short-term liquidity ratios for 2020, and provide a brief explanation after each ratio (round computations to two decimal places):
a) current ratio
b) quick ratio
c) Debt to assets
d) Debt to equity
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