History Bookmarks Window Help O 50 lam-us-cast-1-prod- 01-yhouseastaronaws.com CartDCKS Sorting Go Narn Carolina C e rty OLIN Cr y -2020Spring ACCT e- Use the balance sheets of Glover shown below to calculate the following ratios for 2016 (round to the hundredths): (a) Current ratio. (b) Acid-test ratio (c) Debt ratio. (d) Equity ratio. 2015 Glover Company Balance Sheets December 31, 2016 and 2015 2016 Assets: Cash.... $ 43,000 Accounts receivable... 38,000 Merchandise inventory 61,000 Prepaid insurance...... 6,000 Long-term investments .. 49,000 Plant assets (net)...... 218.000 Total assets.... $415.000 $ 22,000 42,000 52,000 9,000 20,000 218.000 $363.000 Liabilities and Equity: Current liabilities. Long-term liabilities Common stock Retained camnings..... Total liabilities and equity ... $ 62,000 45,000 150,000 158.000 $415.000 $ 75,000 36,000 150,000 102.000 $363.000 MacBook Air