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These financial statement items are for Wildhorse Co. at year-end, July 31, 2022. Net loss is -$2500. Retained earnings is $28,900. Total assets: $55,900. Total

These financial statement items are for Wildhorse Co. at year-end, July 31, 2022. Net loss is -$2500. Retained earnings is $28,900. Total assets: $55,900. Total liabilities and stockholders' equity is $55,900.

Salaries and wages payable $ 3,900
Salaries and wages expense 59,300
Supplies expense 17,100
Equipment 21,000
Accounts payable 3,900
Service revenue 67,900
Rent revenue 10,000
Notes payable (due in 2025) 3,200
Common stock 16,000
Cash 31,700
Accounts receivable 11,200
Accumulated depreciationequipment 8,000
Dividends 4,000
Depreciation expense 4,000
Retained earnings (beginning of the year) 35,400image text in transcribed
(c) Compute the current ratio and debt to assets ratio. (Round answers to 1 decimal place, e.g. 15.2.) Current ratio :1 Debt to assets ratio %

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