Cash

$$24,600$

$$49,400$

Accounts receivable

$120,000$

$87,000$

Inventory

$137\mathrm{.}000$

$103,000$

Non$-$current assets

$508,000$

$484,000$

Accounts payable

$128,000$

$126,000$

Non$-$current liabilities

$306,280$

$206,764$

Common shares

$266,000$

$266,000$

Retained earnings

$89,320$

$124,636$

$($a$)$

Your answer is partially correct.

Calculate the current ratio and the debt to total assets ratio for each year. $($Round ratios to $1$ decimal pla

$2024$

$2023$

Current ratio

$2\mathrm{.}20$

$1$

$1\mathrm{.}52$

$1$

Debt to total assets ratio

$1\mathrm{.}31$

$\%$

$166$

$\%$

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