Credits Debits $ 55,000 39,000 45,000 15,000 100,000 Account Title 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 $ 34,000 40,000 12,000 2,000 100,000 70,000 76,000 $ 294,000 $294,000 a. Calculate the current ratio. b. Calculate the acid-test ratio. c. Calculate the debt to equity ratio. Current Ratio Numerator Current Assets 154,000 $ 24,000 6.42 Denominator Current Liabilities Acid-Test Ratio Numerator Denominator