Use the balance sheets of Sando shown below to calculate the following ratios for 2012 (round to the hundredths): a) current ratio b) acid-test ratio c) debt ratio d) equity ratio Alberts Company Balance Sheets December 31, 2012 and 2011 2011 2012 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 218000 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