QUESTION 17 Formulas for calculating Ratios: Net Income Avg. Shareholders Equity Current Assets/Current Liabilities Net Income Sales Revenue Select the appropriate formula from above and calculate Boston Beer's Current Ratio for 2006 and 2007. Then select the correct answer Operating Income/Interest Expense TON BEER COMPANY NCOME STATEMENT h theusand BALANCE SHEET h thos mEs T0O 01.1.76 for 2007 and 1.21 for 2006 2..23 for 2007 and.26 for 2006 3.2.71 for 2007 and 1.96 for 2006 4.5.0 for 2007 and 7.5 for 2006 QUESTION 18 The net realizable value of Accounts Recelvable represents the company's best estimate of what it expects to collect on it's accounts receivable. It equals the total Accounts Recelvable less an allowance for doubtful accounts. o True o False