Balance Sheet

Calculate the following (please show your calculations):

1. Current ratio for 2017 and 2018. (4 Points)

Total Current Assets

Total Current Liabilities

2. Acid Test or Quick ratio for 2017 and 2018. (4 Points)

Cash + Accounts Receivables + Marketable Securities

Total Current Liabilities

3. Debt to Asset Ratio for 2017 and 2018. (4 Points)

Total Liabilities X 100

Total Assets

4. Debt to Equity Ratio for 2017 and 2018.

Total Liabilities X 100

Total Owners Equity

5. Based upon the Current Ratio, how would creditors or lenders feel about the liquidity of the business? Why?

6. Based upon the Current Ratio, how would owners feel about the liquidity of the business? Why?

TOTAL CURRENT LIABILITIES May 28 2018 May 30 a047 1.208.8 1288.6 ons of US Dollars As of 1,408.7 1.407.3 Long-Term Debe Assets Captal Leases 57 6 Cash 248.0 780.3 Other Liablities, Total T06.0 Marketable Securites TOTAL LIABILITIES 3.382.1 3,530.4 TOTAL CASH AND SHORT TERM INVESTMENTS 2522 74.1 2,408.8 Common Stopk 2 207.9 Accounts Receivable 58.4 35 A Ratained Earnings 2021.0 2021.0 220 a Inventory 300 -3.325 30 Treasury Stook -2 943 5 71.2 Prepaid Expenses 82: 802 Comprehensive Income and Other Other Current Ascete TOTAL COMMON EQUITY 1 884.0 1938.2 TOTAL CURRENT ASSETS a0 2 o03.8 TOTAL EQUITY 1.8p4.0 1.930.2 NET PROPERTY PLANT AND EQUIPMENT 3 403 7 3.822.0 TOTAL UABILITIES AND EQUITY 5.278.1 6488.8 18. 4 31.7 Long-Term investments Gcodwil 517.3 517. Other Intangibles 538 A 538 2 Other Long-Tem Assets 80.1 04.0 5.270.1 TOTAL ASSETS 5.4000 LIABILITIES & EQUITY Accounts Pavable 251.: 240 4 583 2 Accrued Expenses 514. 185.5 Short-Term Borrowings Current Portion of Long-Term Debi/Capital Lease Other Currant Lishilties 38 t 33.0 TOTAL CURRENT LIABILITIES May 28 2018 May 30 a047 1.208.8 1288.6 ons of US Dollars As of 1,408.7 1.407.3 Long-Term Debe Assets Captal Leases 57 6 Cash 248.0 780.3 Other Liablities, Total T06.0 Marketable Securites TOTAL LIABILITIES 3.382.1 3,530.4 TOTAL CASH AND SHORT TERM INVESTMENTS 2522 74.1 2,408.8 Common Stopk 2 207.9 Accounts Receivable 58.4 35 A Ratained Earnings 2021.0 2021.0 220 a Inventory 300 -3.325 30 Treasury Stook -2 943 5 71.2 Prepaid Expenses 82: 802 Comprehensive Income and Other Other Current Ascete TOTAL COMMON EQUITY 1 884.0 1938.2 TOTAL CURRENT ASSETS a0 2 o03.8 TOTAL EQUITY 1.8p4.0 1.930.2 NET PROPERTY PLANT AND EQUIPMENT 3 403 7 3.822.0 TOTAL UABILITIES AND EQUITY 5.278.1 6488.8 18. 4 31.7 Long-Term investments Gcodwil 517.3 517. Other Intangibles 538 A 538 2 Other Long-Tem Assets 80.1 04.0 5.270.1 TOTAL ASSETS 5.4000 LIABILITIES & EQUITY Accounts Pavable 251.: 240 4 583 2 Accrued Expenses 514. 185.5 Short-Term Borrowings Current Portion of Long-Term Debi/Capital Lease Other Currant Lishilties 38 t 33.0