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Excerpts of The Colleen Co. Lid.'s financial results for the years ended December 31, 2021 and Dece 31, 2022 are as follows below. (15 points)

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Excerpts of The Colleen Co. Lid.'s financial results for the years ended December 31, 2021 and Dece 31, 2022 are as follows below. (15 points) 2021 2022 Total Current Assets $550,000 $710,000 Quick Assets $300,000 $450,000 Total Assets $920,000 $1,080,000 Total Current Liabilities $383,000 $300,000 Total Debt $790,000 $630,000 EBIT $660,800 $875,060 Interest Expense $40,710 $35,000 Net Income ? i). Assuming a corporate tax rate of 25%, what is the Net Income of the company for both years? (2 ii). What is the Current Ratio and Acid Test Ratio of the company for both years? (4 points) iii). What is the Return on Assets for the company for both years? (2 points) iv). What is the Debt Ratio of the company for both years? (2 points) v). What is the TIE Ratio of the company for both years? (2 points) vi). Given the ratios calculated above, provide a brief analysis of your findings. (3 points)

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