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Using the financial information in the following tables, compute the required ratios for AJ Ltd ABC COMPANY BALANCE SHEET AS OF DECEMBER 31, 2018 ASSETS

Using the financial information in the following tables, compute the required ratios for AJ Ltd

ABC COMPANY
BALANCE SHEET
AS OF DECEMBER 31, 2018
ASSETS 2018 2017 2016
Current assets
Cash $501,992 $434,215 $375,141
Accounts receivable 335,272 302,514 241,764
Inventory 515,174 505,321 310,885
Prepaid expenses 251,874 231,100 136,388
Total current assets $1,604,312 $1,473,150 $1,064,178
Property, plant, and equipment 765,215 735,531 705,132
Accumulated depreciation -218,284 -196,842 -175,400
TOTAL ASSETS $2,151,243 $2,011,839 $1,593,910
LIABILITIES
Current liabilities
Accounts payable $248,494 $366,864 $322,156
Accrued liabilities 122,192 216,533 215,474
Income taxes payable 10,645 25,698 22,349
Current portion of long-term debt 42,200 42,200 42,200
Total current liabilities $423,531 $651,295 $602,179
Long-term liabilities
Long-term debt 425,311 400,311 375,100
TOTAL LIABILITIES $848,842 $1,051,606 $977,279
STOCKHOLDERS EQUITY
Common stock $370,124 $356,758 $320,841
Additional paid-in capital 29,546 24,881 21,910
Retained earnings 902,731 578,594 273,880
Total stockholders equity $1,302,401 $960,233 $616,631

LIQUIDITY RATIOS: 12/31/2018 12/31/2017 Change % Change
Current ratio
Current assets/Current liabilities
Quick ratio
(Current assets Inventory)/Current liabilities

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