Ch. 6-Analysis of Financial Statements 6. Using last year's figures from Big W Construction's balance sheet (Figure 2-2, page 14), calculate the following ratios: a. quick ratio . b. current ratio c. debt to equity ratio d. fixed assets to net worth ratio: e. current assets to total assets ratio K ASSETS CURRENT ASSETS BIG W CONSTRUCTION BALANCE SHEET Current Last Year Year Cash 200,492 144,254 Accounts Receivable-Trade 402,854 308,253 Accounts Receivable-Retention 25,365 21,885 Inventory O 0 Costs and Profits in Excess of Billings 32,586 15,234 Notes Receivable 12,548 0 Prepaid Expenses 5,621 4,825 Other Current Assets 11,254 7225 Total Current Assets 690,720 501,676 FIXED AND OTHER ASSETS Land 72,000 72.000 Buildings 103,862 103,862 Construction Equipment 95,284 95,284 Trucks and Autos 51,245 31.556 Office Equipment 56,896 42,546 Total Fixed Assets 379,287 345,248 Less Acc. Depreciation 224,512 182,990 Net Fixed Assets 154,775 162,258 Other Assets 178,544 171,256 Total Assets 1,024,039 835,190 LIABILITIES Current Liabilities Accounts Payable-Trade 325,458 228,585 Accounts Payable-Retention 22,546 18,254 Billings in Excess of Costs and Profits 5,218 11,562 Notes Payable 15,514 45,250 Accrued Payables 15,648 16,658 Accrued Taxes 10,521 8,254 Accrued Vacation 3.5641 3,002 Capital Lease Payable Warranty Reserves 0 Other Current Liabilities 25,438 35.648 Total Current Liabilities 423,907 367,213 Long-Term Liabilities 153,215 99,073 Total Liabilities 577,122 466,286 OWNER'S EQUITY Capital Stock 10,000 10,000 Retained Earnings 436,917 358,904 Current Period Net Income O Total Equity 446,917 368,904 Toll Liabilities and Equity 1,024,039 835,190