Exercise 4-21 Calculating the debt to equity ratio LO7 Refer to the information in Exercise 4-20. You, business analyst at Organic Catering, have been asked to calcu- late the debt to equity ratio (round to two decimal places). Provide your manager with comments on the ratio and the change from 2020 to 2021. The following is selected simplified information from Organic Catering's balance sheet as at December 31, 2020 and December 31, 2021. You, business analyst at Organic Catering, have been asked to calculate the cur- rent ratio and the quick ratio (round to two decimal places). Provide your manager with comments on the ratios and the change from 2020 to 2021. 285 CHAPTER 4 Completing the Accounting Cycle and Classifying Accounts 2020 $ 3,880 2021 $ 6,501 4,368 220 4,616 265 (Numbers in thousands) Cash Accounts receivable Notes receivable (current) Inventories Prepaid expenses and other (current) assets Current liabilities Total liabilities Shareholders' equity 123 137 695 190 11,061 31,376 45.964 10,649 31,980 56,700 Exercise 4-21 Calculating the debt to equity ratio LO7 Refer to the information in Exercise 4-20. You, business analyst at Organic Catering, have been asked to calcu. late the debt to equity ratio (round to two decimal places). Provide your manager with comments on the ratio and the change from 2020 to 2021. an