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need to be solved in 40mins or less Calculate the following ratios for Everva Corp for Year 2 (round to two decimals): Year 1 $20,000

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Calculate the following ratios for Everva Corp for Year 2 (round to two decimals): Year 1 $20,000 Cash Temporary investments Accounts receivable Merchandise inventory Prepaid insurance Long-term investments Equipment (net) Land Everva Corp. Comparative Balance Sheet December 31, Years 1-2 Year 2 $22,000 26,000 38,000 76,000 8,000 52,000 135,000 25,000 56,000 $438,000 36,000 48,000 6,000 18,000 128,000 21,000 51,000 $328,000 Goodwill Total Assets Current liabilities Long-term liabilities Common shares Retained earnings Total Liabilities and Equity $64,000 36,000 162,000 176,000 $438,000 $63,000 31,000 149,000 85,000 $328,000 (a) Current ratio. (b) Acid-test ratio. (c) Debt ratio Short Answer Toolbar navigation 7 B I g = Lou ilil A2

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