QRS Inc. has the following balance sheet data:

• Cash: $25,000
• Accounts Receivable: $35,000
• Inventory: $40,000
• Total Current Assets: $100,000
• Total Fixed Assets: $200,000
• Total Assets: $300,000
• Total Current Liabilities: $50,000
• Total Long-term Debt: $100,000
• Total Liabilities: $150,000
• Equity: $150,000

Requirements:

1. Calculate the current ratio.
2. Calculate the quick ratio.
3. Compute the debt to equity ratio.
4. Assess the company’s solvency.
5. Compare the liquidity ratios to industry standards.