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The following is a December 31,2021 , post-closing trial balance for Culver City Lighting, Inc. a. Calculate the current ratio. b. Calculate the acid-test ratio.
The following is a December 31,2021 , post-closing trial balance for Culver City Lighting, Inc. a. Calculate the current ratio. b. Calculate the acid-test ratio. c. Calculate the debt to equity ratio. Interest payable Notes payable (due in 10 years) Common stock Retained earnings Totals \begin{tabular}{r} 10,000 \\ 170,000 \\ 86,000 \\ 88,000 \\ \hline$424,000 \\ $424,000 \end{tabular} a. Calculate the current ratio. b. Calculate the acid-test ratio. c. Calculate the debt to equity ratio
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