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Assets Accounts 2021 2022 Cash $45.00 $50.00 A/R $134.00 $399.00 Inventory $199.00 $196.00 Total $378.00 $645.00 Net Fixed Assets $1,000.00 $1,200.00 Total Assets $1,378.00 $1,845.00

Assets Accounts 2021 2022 Cash $45.00 $50.00 A/R $134.00 $399.00 Inventory $199.00 $196.00 Total $378.00 $645.00 Net Fixed Assets $1,000.00 $1,200.00 Total Assets $1,378.00 $1,845.00 Liabilities Accounts 2021 2022 Accounts Payable $248.00 $252.00 Notes Payable $150.00 $125.00 Total $398.00 $377.00 Long-Term Debt $500.00 $750.00 Common Stock $400.00 $400.00 Retained Earnings $80.00 $318.00 Total Liabilities $1,378.00 $1,845.00 Sales Accounts 2021 2022 Sales $2,315.00 Cost of Goods Sold $1,852.00 Depreciation $200.00 EBIT $263.00 Interest $40.00 Taxes $105.20 Net Income $117.80 Questions What is the Current Ratio for 2022? What is the Quick Ratio for 2022? What is the Times Interest Earned (TIE) for 2022? What is the Debt to Equity (D/E) Ratio

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