ANSWER POINT 4,5 ONLY

		2019
Assets
Current assets
Cash		$14,105
Accounts receivable		32,815
Inventory		57,204
Total		$104,124
Fixed assets
Net plant and equipment		$375,830
Total assets		$479,954
Liabilities and Owners Equity
Current liabilities
Accounts payable		$49,276
Notes payable		19,784
Total		$69,060
Long-term debt		$45,000
Owners' equity
Common stock and paid-in surplus		$50,000
Accumulated retained earnings		315,894
Total		$365,894
Total liabilities and owners' equity		$479,954

Calculate the Financial ratios from the above balance sheet (one mark each)

1. Current ratio

2. Quick ratio

3 Cash ratio

4. NWC ratio

5. Provide your comments about the above ratios