Cash Accounts receivable Inventories Prepaid insurance Equipment Accumulated depreciation-equipment Patent, net Accounts payable Interest payable Note payable (due in 10, equal annual installments) Common stock Retained earnings Totals $ 61,000 45,000 51,000 21,000 120,000 $ 40,000 46,000 15,000 5,000 120,000 76,000 88,000 $344,000 $344,000 a. Calculate the current ratio b. Calculate the acid-test ratio. c. Calculate the debt to equity ratio. Current Ratio Numerator Current Assets Denominator Current Liabilities Acid-Test Ratio Numerator Current Assets Denominator Current Liabilities Debt to Equity Ratio Numerator Current Assets Shareholders' Fitv