Analyze the balance sheets of ABC provided below to calculate the following ratios for Year 2021

(a) Current ratio.

(b) Acid-test ratio.

(c) Debt ratio.

(d) Equity ratio.

ABC Company Balance Sheets For the years ended March 31
	Year 2021	Year 2020
Assets:
Cash	Rs 43,000	Rs 22,000
Accounts receivable	38,000	42,000
Merchandise inventory	61,000	52,000
Prepaid insurance	6,000	9,000
Long-term investments	49,000	20,000
Plant assets (net)	218,000	218,000
Total assets	Rs.415,000	Rs.363,000
Liabilities and Equity:
Current liabilities	Rs. 62,000	Rs.75,000
Long-term liabilities	45,000	36,000
Common stock	150,000	150,000
Retained earnings	158,000	102,000
Total liabilities and equity	Rs.415,000	Rs.363,000