Current assets Current liabilities

Cash $ $72,718$ $ $91,489$ Accounts payable $ $185,422$ $ $193,111$

Accounts receivable $66,78187,139$ Notes payable $80,520132,088$

Inventory $113,146177,607$ Total $ $265,942$ $ $325,199$

Total $ $252,645$ $ $356,235$ Long$-$term debt $ $228,000$ $ $164,750$

Owners$$ equity

Common stock and paid$-$in surplus $ $227,000$ $ $227,000$

Fixed assets Accumulated retained earnings $190,750229,414$

Net plant and equipment $ $659,047$ $ $590,128$ Total $ $417,750$ $ $456,414$

Total assets $ $911,692$ $ $946,363$ Total liabilities and owners$$ equity $ $911,692$ $ $946,363$

Based on the balance sheets given, calculate the following financial ratios for each year:

Calculate the following financial ratios for each year:

Current ratio.

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Quick ratio.

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Cash ratio.

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Debt$-$equity ratio and equity multiplier.

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Total debt ratio.

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$