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Check my work Exercise 3-18 (Algo) Calculating ratios; solve for unknowns (LO3-8] The current asset section of the Excalibur Tire Company's balance sheet consists of

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Check my work Exercise 3-18 (Algo) Calculating ratios; solve for unknowns (LO3-8] The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable, and inventory. The December 31, 2021, balance sheet revealed the following: Inventory Total assets Current ratio Acid-test ratio Debt to equity ratio $ 960,000 $3,200,000 2.40 1.20 1.5 5 Required: Determine the following 2021 balance sheet items: 1. Current assets 2. Shareholders' equity 3. Long-term assets 4. Long-term liabilities

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