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ct Assignment i Saved The following is a December 31, 2021, post-closing trial balance for Culver City ! Account Title Cash Accounts receivable Inventory Prepaid

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ct Assignment i Saved The following is a December 31, 2021, post-closing trial balance for Culver City ! 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 $ 57,0001 41,000 47,000 17,000 120,000 $ 36,000 42,000 13,000 3,000 120,000 72,000 80,000 $324,000 $324,000 a. Calculate the current ratio. b. Calculate the acid-test ratio. c. Calculate the debt to equity ratio. Numerator Denominator Current Ratio Current Assets Current Liabilities Acid-Test Ratio Current Assets : 0 Numerator Denominator Debt to Equity Ratio Numerator

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