Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Llabilities and Owners' Equity Current assets Current liabilities Cash $ 21,182 $ 24.141 Accounts payable $ 180,108 $ 190,767 Accounts receivable 51,036 59.935 Notes payable 83,179 98.175 Inventory 120,589 142,718 Total $ 263,287 $288.942 Total $ 192,807 $ 226,794 Long-term debt $305.000 $ 340,000 Owners' equity Common stock and paid-in $ 165,000 $ 178,000 surplus Accumulated retained 235,445 283.578 earnings Fixed assets Net plant and $775.925 $ 863,726 Total $400.445 $ 461,578 equipment Total assets $968,732 $1.090.520 Total liabilities and owners' equity $ 968,732 $1.090.520 Based on the balance sheets given, calculate the following financial ratios for each year. a. Current ratio. (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Quick ratio. (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Cash ratio. (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) d. Debt-equity ratio and equity multiplier. (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) e. Total debt ratio. (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) times times times times a. 2018 Current ratio 2019 Current ratio b. 2018 Quick ratio 2019 Quick ratio c. 2018 Cash ratio 2019 Cash ratio d. 2018 Debt-equity ratio 2019 Debt-equity ratio 2018 Equity multiplier 2019 Equity multiplier e. 2018 Total debt ratio 2019 Total debt ratio times times times times times times times times