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Hello, based off this data below I'm wondering if it's possible to get the short-term and long-term solvency ratios. Assets Cash $65,000.00 Deposits $2,500.00 Equipment

Hello, based off this data below I'm wondering if it's possible to get the short-term and long-term solvency ratios.

Assets

Cash $65,000.00

Deposits $2,500.00

Equipment $16,400.00

Accumulated Depreciation $(466.66)

Inventory $1,597.22

Prepaid Exp. $1,418.00

Total assets : $ 86,448.56

Liabilities

Taxes Payable$0.00

Loans$30,000.00

Total Liabilities: $30,000

Equity

Retained Earnings $56,194.56

Total Equity $56,194.56

Total Liab. & Eq. $81,194.56

So whats confusing me is, I'm using the total liabilities value ($ 30000) to calculate the short-term solvency and long-term solvency ratios; as shown below.

Currents Assets/Current Liabilities = Short-term solvency

$ 86,448.56/$ 30000 = 2.88

Debt/Owners' Equity = Debt-to-Equity Ratio (Long-term solvency)

$ 30000/$ 56194.56 = 0.53

I believe the current liabilities and debt values should be different but I'm unsure of what values to use for them.

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