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Assets begin{tabular}{|l|r|r|} hline & multicolumn{1}{|c|}{2021} & multicolumn{1}{l|}{2022} hline Cash & $45.00 & $50.00 hline Inventory & $242.00 & $374.00 hline Total &

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image text in transcribed Assets \begin{tabular}{|l|r|r|} \hline & \multicolumn{1}{|c|}{2021} & \multicolumn{1}{l|}{2022} \\ \hline Cash & $45.00 & $50.00 \\ \hline Inventory & $242.00 & $374.00 \\ \hline Total & $146.00 & $384.00 \\ \hline Net Fixed Assets & $1,000.00 & $1,200.00 \\ \hline Total Assets & $1,433.00 & $2,008.00 \\ \hline \end{tabular} Liabilities \begin{tabular}{|c|r|r|} \hline & \multicolumn{1}{|c|}{2021} & \multicolumn{1}{l|}{2022} \\ \hline Accounts Payable & $380.00 & $311.00 \\ \hline Notes Payable & $150.00 & $125.00 \\ \hline Total & $530.00 & $436.00 \\ \hline Long-Term Debt & $500.00 & $750.00 \\ \hline Common Stock & $400.00 & $400.00 \\ \hline Retained Earnings & $3.00 & $422.00 \\ \hline Total Liabilities & $1,433.00 & $2,008.00 \\ \hline \end{tabular} Question Set 1 (2 points each, 18 points total) 1. What is the Current Ratio for 2022? 2. What is the quick ratio for 2022 ? 3. What is the Times Interest Earned for 2022? 4. What is the Debt to Equity ratio for 2022? 5. What is the Profit Margin for 2022? Please share your final answer as a percentage rounded to 2 decimal places. 6. What is the Total Asset Turnover for 2022? 7. What is the Equity Multiplier for 2022? 8. What is the Return on Equity for 2022? Please share your final answer as a percentage rounded to 2 decimal places

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