BIRTLE CORPORATION

2017 and 2018 Statement of Financial Position

Assets

Liabilities and Owners Equity

2017

2018

2017

2018

Current assets

Current liabilities

Cash

$ 9,279

$ 11,173

Accounts payable

$ 41,060

$ 43,805

Accounts receivable

23,683

25,760

Notes payable

16,157

16,843

Inventory

42,636

46,915

Total

$ 57,217

$ 60,648

Total

$ 75,598

$ 83,848

Long-term debt

$ 40,000

$ 35,000

Fixed assets

Owners equity

Net plant and equipment

272,047

297,967

Common stock and paid-in surplus

$ 50,000

$ 50,000

Retained earnings

200,428

236,167

Total

$250,428

$286,167

Total assets

$347,645

$381,815

Total liabilities and owners equity

$347,645

$381,815

Based on the statement of financial position given for Birtle, calculate the following financial ratios for each year:

a. Current ratio

b. Quick ratio

c. Cash ratio

d. NWC to total assets ratio

e. Debtequity ratio and equity multiplier

f. Total debt ratio and long-term debt ratio