Required information Skip to question Below is the year-end adjusted trial balance for Lucie Accounting. Lucie Accounting Trial Balance For Year Ended December 31, 2023 Account Debit Credit Cash $8,000 Accounts receivable 2,200 Office supplies 700 Prepaid insurance 1,100 Long-term note receivable 3,00 Land 50,000 Equipment 15,000 Accumulated depreciation, Equipment $1,200 Building 150,000 Accumulated depreciation, Building 1,500 Customer list 900 Notes payable* 11,000 Unearned accounting fees earned 3,000 Salaries payable 7,000 Lucie Majeau, capital** 10,000 Lucie Majeau, withdrawals 5,000 Accounting fees earned 211,400 Depreciation expense, Building 500 Depreciation expense, Equipment 600 Insurance expense 100 Rent expense 1,100 Office supplies expense 900 Repairs expense 5,000 Telephone expense 1,000 Totals $245,100 $245,100 *The current portion of the note payable due this year is $3,000 **$5,000 was invested during the year Using the information from Lucie Accounting, calculate the current ratio quick ratio and the debt-to-equity ratio (round to 2 decimal places). Comment whether you think each ratio is favourable or unfavourable.