Exerclse $16-10($Statlc$)$ FInanclal Ratlos for Assessing Market Performance $[$LO$16-6]$

The financlal statements for Castlle Products, Incorporated, are given below:

Castile Products, Incorporated

Balance Sheet

Decenber $31$

Assets

Current assets:

Cash

Accounts receivable, net $$6,590$

$35,690$

Total current assets $,$

$\backslash$table$[[3,509]]$

$\backslash$table$[[$Property and equipment, net,$185,009],[,$$$390,000$