Birtle Corporation reports the following statement of financial position information for $2017$ and $2018.$

BIRTLE CORPORATION

$2017$ and $2018$ Statement of Financial Position

Assets Liabilities and Owners$$ Equity

$2017201820172018$

Current assets Current liabilities

Cash $ $9,279$ $ $11,173$ Accounts payable $ $41,060$ $ $43,805$

Accounts receivable $23,68325,760$ Notes payable $16,15716,843$

Inventory $42,63646,915$

Total $ $75,598$ $ $83,848$ Total $ $57,217$ $ $60,648$

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 $200,428236,167$

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:

a$.$ Calculate the current ratio for each year. $($Round the final answers to $2$ decimal places.$)$

$20172018$

Current ratio $1\mathrm{.}32$ Numeric Response $1.$Edit Unavailable. $1\mathrm{.}32$ correct.times $1\mathrm{.}38$ Numeric Response $2.$Edit Unavailable. $1\mathrm{.}38$ correct.times

b$.$ Calculate the quick ratio for each year. $($Round the final answers to $3$ decimal places.$)$

$20172018$

Quick ratio $0\mathrm{.}58$ Numeric Response $3.$Edit Unavailable. $0\mathrm{.}58$ correct.times $0\mathrm{.}61$ Numeric Response $4.$Edit Unavailable. $0\mathrm{.}61$ correct.times

c$.$ Calculate the cash ratio for each year. $($Round the final answers to $3$ decimal places.$)$

$20172018$

Cash ratio $0\mathrm{.}16$ Numeric Response $5.$Edit Unavailable. $0\mathrm{.}16$ correct.times $0\mathrm{.}18$ Numeric Response $6.$Edit Unavailable. $0\mathrm{.}18$ correct.times

d$.$ Calculate the NWC to total assets ratio for each year. $($Round the final answers to $1$ decimal place.$)$

$20172018$

NWC ratio $5\mathrm{.}29$ Numeric Response $7.$Edit Unavailable. $5\mathrm{.}29$ correct.$\%6\mathrm{.}08$ Numeric Response $8.$Edit Unavailable. $6\mathrm{.}08$ correct.$\%$

e$.$ Calculate the debt$$equity ratio and equity multiplier for each year. $($Round the final answers to $2$ decimal places.$)$

$20172018$

Debt$-$equity ratio $0\mathrm{.}39$ Numeric Response $9.$Edit Unavailable. $0\mathrm{.}39$ correct. times $0\mathrm{.}33$ Numeric Response $10.$Edit Unavailable. $0\mathrm{.}33$ correct. times

Equity multiplier $1\mathrm{.}39$ Numeric Response $11.$Edit Unavailable. $1\mathrm{.}39$ correct. $1\mathrm{.}33$ Numeric Response $12.$Edit Unavailable. $1\mathrm{.}33$ correct.

f$.$ Calculate the total debt ratio and long$-$term debt ratio for each year. $($Round the final answers to $3$ decimal places.$)$

$20172018$

Total debt ratio $0\mathrm{.}28$ Numeric Response $13.$Edit Unavailable. $0\mathrm{.}28$ correct. times $0\mathrm{.}25$ Numeric Response $14.$Edit Unavailable. $0\mathrm{.}25$ correct. times

Long$-$term debt ratio $0\mathrm{.}12$ Numeric Response $15.$Edit Unavailable. $0\mathrm{.}12$ incorrect. times $0\mathrm{.}09$ Numeric Response $16.$Edit Unavailable. $0\mathrm{.}09$ incorrect. times