Calculate the Current ratio: Calculate the quick ratio: Calculate the inventory turnover ratio: Assets Cash Balance sheet 2022 Total assets $ Equipment (non-current) $ Inventory $ 12,000 Accounts receivable $ 24,500 Long term debt $ Liabilities 7,950 Accounts Payable $ 3,800 Accruals $ $ 48,250 Total Liabilities Income statement 2022 Revenue & Expenses Amount ($) Sales 18000 Cost of Goods Sold 3000 15000 Gross Profit Operating Expenses 3900 Net Income 11100 owner's equity 12,500 4,000 $ 16,500 $ 31,750