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Calculate the following leverage ratios for 2020 . (Round all answers to 2 decimal places, eg. 2.55% or 2.55. ) Wildhorse Medical manufactures hospital beds
Calculate the following leverage ratios for 2020 . (Round all answers to 2 decimal places, eg. 2.55% or 2.55. ) Wildhorse Medical manufactures hospital beds and other institutional fumiture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. Wildhorse Medical Comparative Balance Sheet As of December 31 2020 Assets Current assets \begin{tabular}{lrrr} Cash & $381,000 & $417,400 \\ Accounts receivable, net & 1,003,000 & 776,400 \\ Inventory & 741,000 & 681,050 \\ Other current assets & 381,350 & & 247,050 \\ \cline { 4 - 4 } Total current assets & 2,506,350 & & 2,121,900 \\ Property, plant, \& equipment, net & 8,750,700 & & 8,439,930 \\ \cline { 4 - 4 } Total assets & $11,257,050 & & $10,561,830 \\ & & & \end{tabular} Liabilities and Stockholders' Equity
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