Complete answer please

KLM, Inc. Statement of financial positions as of December 31, 2017 and 2018 2017 2018 2017 2018 Cash $520 $601 Accounts payable $621 $704 Accounts rec. $235 $219 Notes payable $333 $272 Inventory $964 $799 Current liabilities $954 $976 Current assets $1,719 $1,619 Long-term debt $350 $60 Net fixed assets $890 $800 $930 Common stock Comment on short term solvency of KLM Inc, by calculating three ratios current ratio, quick ratio and cash ratio, for year 2018. $820 Retained earnings $505 $693 Total assets $2,609 $2,549 Total liabilities and Owner's equity $2,609 $2,549 Current Ratio Current Ratio = Current Assets/Current Liabilities