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Connect z #16 Saved Help Save & Exit Sub 1 The following is a December 31, 2021, post-closing trial balance for Culver City Lighting, Inc.

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Connect z #16 Saved Help Save & Exit Sub 1 The following is a December 31, 2021, post-closing trial balance for Culver City Lighting, Inc. 01:26:16 ipped Account Title Cash Accounts receivable Inventory Prepaid insurance Equipment Accumulated depreciation Patent (net) Accounts payable Interest payable Notes payable (due in 10 years) Common stock Retained earnings Totals Debits Credits $ 60,000 44,000 50,000 20,000 115,000 $ 39,000 45,000 14,500 4,500 150,000 75,000 51,000 $334,000 $334,000 a. Calculate the current ratio. b. Calculate the acid-test ratio. c. Calculate the debt to equity ratio. Current Ratio Numerator Denominator Acid-Test Ratio Numerator Denominator Debt to Equity Ratio Numerator Denominator

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