balance sheet for Wellmess First Clinic (Eshibit 3) to answer questions 19-23 Exhibit 3 Wellness First Clinic Balance Shcet As of December 31, 2015 Assets Cash Accou Total current assets Liabilaties and Equuity Accounts payable Total current liabilities S 30,000 %20.000 $ 20,000 $120,000 $150,000 nts receivable, net 60,0 $90,000 Long-term debt Other long-ter liabilities 10,000 Long-term investments $100,000 Net property & equipment $150,000 Other assets Total liabilities Net Assets (Equity) Total liabilitics and equity $380,000 Total assets 540.000 5380,000 19. What is the Clinic's net assets (Equity) for 20157 (2 points) a. $150,000 b. $230,000 C. $70,000 d. None of the above 20. What is the Clinic's net working capital (NWC) for 2015? (2 points) a. $90,000 b. $110,000 c. $70,000 d. None of the above 21. What is the Clinic's debt ratio (DR) for 2015? (2 points) a. 60.5% b. 22.2% . 39.5% d. None of the above 22. What is the Clinic's current ratio (CR) for 2015? (2 points) a. 4.5 b. 2.5 c. 1.5 d. None of the above 23. In 2016, Wellness First Clinic (a non-profit) had a net income of $50,000. What will be Wellness First Clinic's equity amount on its balance sheet for December 31,2016? (2 points) a. $230,000 b. $280,000 c. $180,000 d. It is not possible to determine based on the information given Page 6 of 8