AP-10A LO 3 Selected financial data from Crew Company is provided below. As at December 31, 2018 $75,000 $225,000 $270,000 Cash Accounts Receivable Merchandise Inventory Short-Term Investments Land and Building $40,000 $500,000 $30,000 $120,000 Current Portion of Long-Term Debt Accounts Payable Required a) Calculate the quick ratio. b) What does Crew Company's quick ratio suggest about the company's performance? Bo Kyung Company had a debt-to-equity ratio last year of 1.46. This year, the ratio is 2.0. Are things getting better or worse? Explain your answer. AP-12A LO45 Presented below are select fiqures from the balance sheet of Edison Company for 2018 and 2017. Edison Company Balance Sheet As at August 31 2017 2018 $203,311 $286,633 Total Assets 69,873 119,006 Total Liabilities 133,438 Stockholders' Equity 167,627 In 2018, Edison Company had sales of $413,000 and net income of $46,500. Calculate the ratios for 2018 as indicated below. Return on Assets Asset Turnover Debt-to-Equity Debt-to-Total-Assets