Use the balance sheet provided below to calculate the current ratio, quick ratio, debt ratio, and debt-to-equity ratio.

Assets:		Liabilities:
Current assets:		Current liabilities:
Cash	14,000	Accounts payable	11,656
Accounts receivable	6,476	Accrued expenses	2,867
Inventory	1,404	Interest payable	7,478
Short-term investments	6,750
Total current assets	28,630	Total current liabilities	22,001
Property, plant, and equipment:	2,124	Bonds payable	6,387
Building	3,404	Long-term debt	5,955
Equipment	1,857	Total non-current liabilities	12,342
Long-term investment	1,862
Goodwill	5,383
Total non-current assets	14,630	Total liabilities	34,343
		Shareholders equity
		Total shareholders equity	8,917
Total assets	43,260	Total liabilities and shareholders equity	43,260

For each calculation, write out the ratio, do the calculation, and assess whether the ratio is good or bad with valid reasons:

3.1 Calculate the current ratio.

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3.2 Calculate the quick ratio.

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3.3 Calculate the debt ratio.

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3.4 Calculate the debt-to-equity ratio.

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