Use the following information to calculate: 1. The Current Ratio 2. The Quick Ratio Using the information below - calculate the current ratio Accounts Payable 3,650 Paid-In Capital 3,300 Cash 800 Sales 7,500 Accrued Wages Payable 250 Inventory 7,200 Using the information below - calculate the quick ratio Long-Term Notes Payable 1,250 Accounts Receivable 1,800 Cash 475 Cost of Goods Sold 12,000 Accrued Wages Payable 325 Inventory 4,680 Using the information below - calculate the debt ratio Accrued Income Tax Payable 9,000 Inventory 10,200 Notes Payable (noncurrent) 1,100 Paid in Capital 1,750 Treasury Stock 400 Long-Term Debt (current) 10,000 Accounts Receivable 6,750 Unearned Revenue 250 Accounts Payable 700 Retained Earnings 1,000 Additional Paid in Capital 4,000 Cash 8,575