Question 9 (3 points) The following information comes from Daveco's 20X1 and 20X2 Financial Statements Sales...

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Question 9 (3 points) The following information comes from Daveco's 20X1 and 20X2 Financial Statements Sales $ 1,000 Cost of Goods 350 Sold Gross Profit 650 Operating 200 Expenses Operating Income 450 Interest Expense 25 Net Income $ 425 20X2 20X1 Cash $ 20 $ 15 Accounts 30 25 Receivable (net) Inventory 40 30 Total Current 90 70 Assets Fixed Assets (net) 105 95 Total Assets 195 165 Current Liabilities 25 20 Noncurrent 75 70 Liabilities Total Liabilities 100 90 Common Stock 50 50 Retained Earnings 45 25 Total Equity 95 75 55 Total Liabilities and $ 195 $ 165 Equity Please calculate the following ratios, rounding to one decimal place. What is Daveco's Current Ratio for 20X2? Please round to one decimal place What is Daveco's Working Capital for A 20X2? Please round to one decimal place A/ What is Daveco's Quick Ratio for 20X2? Please round to one decimal place Question 9 (3 points) The following information comes from Daveco's 20X1 and 20X2 Financial Statements Sales $ 1,000 Cost of Goods 350 Sold Gross Profit 650 Operating 200 Expenses Operating Income 450 Interest Expense 25 Net Income $ 425 20X2 20X1 Cash $ 20 $ 15 Accounts 30 25 Receivable (net) Inventory 40 30 Total Current 90 70 Assets Fixed Assets (net) 105 95 Total Assets 195 165 Current Liabilities 25 20 Noncurrent 75 70 Liabilities Total Liabilities 100 90 Common Stock 50 50 Retained Earnings 45 25 Total Equity 95 75 55 Total Liabilities and $ 195 $ 165 Equity Please calculate the following ratios, rounding to one decimal place. What is Daveco's Current Ratio for 20X2? Please round to one decimal place What is Daveco's Working Capital for A 20X2? Please round to one decimal place A/ What is Daveco's Quick Ratio for 20X2? Please round to one decimal place