Question 1 (4 points) At the end of fiscal year 2020, Rainer Construction Co., Inc. has the following financial profile (all figures are in dollars): Current assets Non-current assets Current liabilities Non-current liabilities Total revenue before taxes Total expenses 9,000,000 3,000,000 550,000 400,000 300,000 250,000 (a) What is the total net worth of this company? (b) What is the income after taxes? (Assume a 15% tax rate) Question 2 (6 points) Given the balance sheet in the following table, calculate the following ratios: (a) Current ratio (b) Quick ratio (c) Debt-equity ratio 3389.927.04 16,629,39 Assets (a) Current assets Cash on hand and on deposit Notes receivable, current Accounts receivable, including retainage of $265.686.39 Deposits and miscellaneous receivables Inventory construction material Prepaid expenses Total 1.222,346.26 15,867.80 26.530,14 8,490,68 1,679,791.31 $306,820.29 713.901.66 50.559.69 2.858,60 97.816.66 1.171.826,90 2.728.331.36 12,777.97 Notes receivable, non-current (c) Property Buildings Construction equipment Motor vehicles Office Furniture and equipment (d) Les accumulated depreciation Net property Liabilities in Current liabilities Accounts payable Due subcontractors Accrued expenses and taxes Equipment contracts, current Provision for income taxes Total c) Deferred credits Income billed on jobs in progress at 31 December 1984 Costs incurred to 31 December 1984 on uncompleted jobs Total current liabilities Equipment contracts, non-current (h) Total liabilities Net worth Common stock 4.610 shares Retained earnings (0) Total net worth (Total liabilities and net worth 2.718.738.01 9.5035 1.181420.25 7.477.72 1.188.897,97 5.244.50 188.289.80 37,57604 13.596.18 244,706.52 102.722.51 141.984.01 461.000,00 184.655.32 645,655.32 1.834,553,29 (e) Total assets 1,834,553.29