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Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Current ratio Assets Quick ratio 2017 $ 9,279 23,683 42,636
Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Current ratio Assets Quick ratio 2017 $ 9,279 23,683 42,636 $ 75,598 $272,047 Cash ratio $347,645 2017 times Based on the statement of financial position given for Birtle: a. Calculate the current ratio for each year. (Round the final answers to 2 decimal places.) 2017 times 2018 $ 11,173 25,760 46,915 $83,848 2017 $297,967 times $381,815 b. Calculate the quick ratio for each year. (Round the final answers to 3 decimal places.) 2017 Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Retained earnings Total Total liabilities and owners' equity 2018 times c. Calculate the cash ratio for each year. (Round the final answers to 3 decimal places.) 2018 Liabilities and Owners' Equity times 2018 times d. Calculate the NWC to total assets ratio for each year. (Round the final answers to 1 decimal place.) 2018 2017 $ 41,060 16,157 $ 57,217 $ 40,000 $ 50,000 200,428 $250,428 $347,645 Help 2018 $ 43,805 16,843 $ 60,648 $ 35,000 $ 50,000 236, 167 $286, 167 $381,815 Sav
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