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HELP! The following is a December 31, 2021, post-closing trial balance for Culver City Lighting, Inc. a. Calculate the current ratio. b. Calculate the acid-test

HELP! The following is a December 31, 2021, post-closing trial balance for Culver City Lighting, Inc.

a. Calculate the current ratio. b. Calculate the acid-test ratio. c. Calculate the debt to equity ratio.

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The following is a December 31, 2021, post-closing trial balance for Culver City Lighting, Inc. Account Title Cash Accounts receivable Inventory Prepaid insurance Equipment Accumulated depreciation Patent (net) Accounts payable Interest payable Notes payable (due in 10 years) Common stock Retained earnings Totals Debits Credits $ 65,000 49,000 55,000 25,000 130,000 $ 44,000 50,000 17,000 7,000 160,000 80,000 66,000 $374,000 $374,000 a. Calculate the current ratio. b. Calculate the acid-test ratio. c. Calculate the debt to equity ratio. Current Ratio Numerator 11 Denominator Acid-Test Ratio Numerator Denominator 11 = Debt to Equity Ratio Numerator Denominator 11 11

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