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Exercise 3-18 (Algo) Calculating ratios; solve for unknowns (LO3-8] The current asset section of the Excalibur Tire Company's balance she et consists of cash, marketable

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Exercise 3-18 (Algo) Calculating ratios; solve for unknowns (LO3-8] The current asset section of the Excalibur Tire Company's balance she et consists of cash, marketable securities, accounts receivable and Inventory. The December 31, 2021, balance sheet revealed the following: Inventory Total assets Current ratio Acid-test ratio Debt to equity ratio $1,020,00 $3,000,eee 2.40 1.20 1.5 Required: Determine the following 2021 balance sheet items: 1. Current assets 2. Shareholders' equity 3. Long-term assets 4. Long-term liabilities

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