use the balance sheet of Grovebringer show in below to calculate the following ratios for 2020. round to the nearest hundreds: a. current ratio b. acid test ratio c. debt ratio % d: equity ratio %

2021 2020 Assets: Cash $43,000 $22,000 Accounts receivable 38,000 42,000 Merchandise inventory 61,000 52,000 Prepaid insurance 6,000 9,000 Long-term investments 49,000 20,000 Plant assets (net) 218,000 218,000 Total assets $415,000 $363,000 Liabilities and Equity: Current liabilities $62,000 $75,000 Long-term liabilities 45,000 36,000 Common stock 150,000 150,000 Retained earnings 158,000 102,000 Total liabilities and equity $415,000 $363,000