Intro Use the following information to answer the questions: Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines Real estate Fixed assets Total assets 9,000 2,000 6,000 24,000 41,000 34,000 80,000 114,000 155,000 Liabilities and Equity Accounts payable 17,000 Notes payable 6,000 Current liabilities 23,000 Long-term debt 95,000 Total liabilities 118,000 Paid-in capital 20,000 Retained earnings 17,000 Equity 37,000 Total liab. & equity 155,000 - Attempt 1/10 for 10 pts. Part 1 What is the current ratio? 2+ decimals Submit Attempt 1710 for 10 pts. Part 2 What is the quick ratio (aka the acid test)? Intro Bordeaux Inc. has no debt and total assets of $400,000. The CFO wants to increase the debt/assets ratio to 30%. She plans to use the proceeds from borrowing to buy back common stock at its book value. Part 1 8 Attempt 1/10 for 10 pts. How much debt must the firm take on to achieve the target debt ratio? No decimals Submit