Question: Calculate the following ratios Current ratio Asid test ratio Debt-Equity Ratio WoodyTrain INCOME Sales Salaries and Wages 925.00 Telephone & Broadband 118.00 Utilities 565.00 Web Hosting and Domains 165.00 Total Operating Expenses 8,539.00 Non-Recurring Expenses Furniture and Equipment 1,052.00 Total Non-Recurring Expenses 1,052.00 Total EXPENSES 9,591.00 Income Statement. Net Income Before Taxes 2016 Income Tax Expense NET INCOME 37,763.00 4,075.00 815.00 3,260.00 Cost of Goods Woody Train Statement of financial position at 31 Dec 2016 Beginning Inventory value 8.010.00 Assets Manufacturing cost 19.159.00 Current Less Ending Inventory value 8,793.00 Cost of Goods Sold 18,376.00 Cash Inventory 1,704.00 8,793.00 10.497.00 Gross Profit 19,387.00 Non-current assets. Office Supplies Non-Operating Income. Office Equipment 120.00 3,785.00 Less: Accumulated depreciation 1,202.00 2,703.00 Interest Income 600.00 Total Non-Operating Income 600.00 13,200.00 Total INCOME EXPENSES Operating Expenses 13,997.00 Equity Owner Capital Profits/loss 6,000.00 3.260.00 9,260.00 Accounting and Legal 1,107.00 Liabilities Advertising 900.00 Current Depreciation 1,202.00 Liabilities Short-term loan. 1,940.00 Insurance 1,041.00 Non- Maintenance and Repairs 923.00 Current Liabilities Office Supplies 325.00 Long-term loans 2,000.00 Rent 1.268.00 Total Liabilities + Equity 13,200.00