AUD/O2Uhlename%2A%3DUTF-8%27%27 Use the balance sheets of Glover shown below to calculate the following ratios for 2016 (round to the hundredths): (a) Current ratio. (b) Acid-test ratio. (c) Debt ratio. (d) Equity ratio. Glover Company Balance Sheets December 31, 2016 and 2015 2016 2015 Assets: Cash Accounts receivable............ Merchandise inventory .......... Prepaid insurance................ Long-term investments .... ...... Plant assets (net) .... ... Total assets $ 43,000 38,000 61,000 6,000 49,000 218.000 S415.000 $ 22,000 42,000 $2,000 9,000 20,000 218.000 $363.000 Liabilities and Equity Current liabilities.... Long-term liabilities.......................... Common stock................... ... Retained earnings..... ........................... Total liabilities and equity ....................... $ 62,000 45,000 150,000 158.000 S415.000 $75,000 36,000 150,000 102.000 $363.000