The following is a December 31, 2018, post-closing trial balance for Culver City Lighting, Inc.

Account Title		Debits			Credits
Cash	$	55,000
Accounts receivable		39,000
Inventories		45,000
Prepaid insurance		15,000
Equipment		100,000
Accumulated depreciationequipment				$	34,000
Patent, net		40,000
Accounts payable					12,000
Interest payable					2,000
Note payable (due in 10, equal annual installments)					100,000
Common stock					70,000
Retained earnings					76,000
Totals	$	294,000		$	294,000

a. Calculate the current ratio. b. Calculate the acid-test ratio. c. Calculate the debt to equity ratio.