The condensed balance sheet and income statement for Marjoram Company are presented below.

Marjoram Company

Balance Sheet

At December 31, 2018

Cash $ 19,000

Nontrade receivable due August 15, 2019 35,000

Accounts receivable (net) 48,400

Merchandise inventory 70,600

Property, plant, and equipment (net) 250,000

Intangible assets 12,400

Total Assets $435,400

Current liabilities $108,400

11% Bonds payable, long term 100,000

Paid in capital 70,000

Retained earnings 157,000

Total liabilities and equity $435,400

Marjoram Company

Income Statement

For the Year ended December 31, 2018

Sales $704,000

Cost of goods sold 422,400

Gross profit $281,600

Operating expenses 166,200

Operating income $115,400

Interest expense 11,000

Income before income taxes $104,400

Income taxes 31,320

Net income $ 73,080

Required: Compute the following:

1. Current ratio _____________________________________
2. Quick ratio______________________________________
3. Debt to equity ratio_________________________________
4. Times interest earned ratio______________________________