Bob Johnston Company reported these ratios at December $31,2021($dollar amounts in millions$)$:

Current ratio $=\frac{\text{\$}40}{\text{\$}30}=1\mathrm{.}33,$ Debt ratio $=\frac{\text{\$}40}{\text{\$}70}=0\mathrm{.}57$

Bob Johnston Company completed these transactions during $2022$

i$.($Click the icon to view the transactions.$)$

Read the requirement

c$.$ Collected cash from customers in advance, $$2$

Current ratio $=$

current ratio

d$.$ Accrued interest expense, $$7.$

Current ratio $=$

current ratio

e$.$ Made cash sales, $$10$

Current ratio $=$

current ratio

Debt ratio $=$

debt ratio

Debt ratio $=$

debt ratio

Debt ratio $=$

debt ratio