The following is a December $31,2024,$ post$-$closing trial balance for Culver City Lighting, Incorporated.

Account Title Debits Credits

Cash $ $55,000$

Accounts receivable $39,000$

Inventory $45,000$

Prepaid insurance $15,000$

Equipment $100,000$

Accumulated depreciation $ $34,000$

Patent $($net$)40,000$

Accounts payable $12,000$

Interest payable $2,000$

Notes payable $($due in $10$ years$)100,000$

Common stock $70,000$

Retained earnings $76,000$

Totals $ $294,000$ $ $294,000$

Calculate the current ratio.

Calculate the acid$-$test ratio.

Calculate the debt to equity ratio.