Problem 14.5A (Static) Balance Sheet Measures of Liquidity and Credit Risk (LO14-3, LO14-4, LO14-7) A recent balance sheet of Sweet Tooth, Incorporated, included the following items, among others. (Dollar amounts are stated in thousands) Cash Marketable securities (short-term) Accounts receivable Inventories $ 50,230 55,926 23,553 32,210 5,736 121,477 20,000 5,912 1,560 21,532 6,438 Prepaid expenses Retained earnings Accounts payable. Dividends payable Notes payable to banks (due within one year) Accrued liabilities (short-tern) Income taxes payable The company also reported total assets of $353,816 thousand, total liabilities of $81,630 thousand, and a return on total assets of 18.1 percent. Required: a. Compute Sweet Tooth's (1) quick assets, (2) current assets, and (3) current liabilities. b. Compute Sweet Tooth's (1) quick ratio, (2) current ratio, (3) working capital, and (4) debt ratio. Note: Round ratios to 1 decimal place. a-1. Quick assets a-2. Current assets a-3. Current liabilities Amount (thousands) b-1. Quick ratio to 1 b-2. Current ratio to 1 b-3. Working capital b-4. Debt ratio %