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Find the current ratio, the quick ratio and the debt-equity ratio. Thank you!

Question 2 (6 points) Given the balance sheet in the following table, calculate the following ratios: (a) Current ratio (b) Quick ratio (c) Debt-equity ratio Assets Liabilities (a) Current assets (1 Current liabilities Cash on hand and on deposit Noles receivable, currert $389,927.04 16,629.39 Accounts payable Due subcontractors Accrued expenses and taxes Equipment contracts, current 713,991.66 50,559.69 2,838.60 97,816.66 1,171,826.90 Accounts receivable, including 1,222,346.26 15,867.80 26,530.14 8,490.68 1,679,791.31 retainage of $265,686.39 Deposits and miscellaneous receivables Provision for income taxes Total (B) Deferred credits material Prepaid expenses Total Income billed on jobs in progress at 31 December 19X4 2,728,331.36 (b) Notes receivable, non-current 12,777.97 Costs incurred to 31 December 2,718,738.01 9,593.35 1,181,420.25 7,477.72 1.188897.97 19X4 on uncompleted jobs (c) Property ,244.50 188,289.80 7,576.04 13.596.18 244,706.52 102.722.51 141,984.0 Total current liabilities Construction equipment Motor vehicles Equipment contracts, non-current Ch) Total liabilities Office furniture and equipment Total Net worth (d) Less accumulated depreciation 0) Common stock, 4,610 shares 461,000.00 184,655.32 645,655.32 1,834.553.29 Net property Retained earnings (0) Total net worth (k) Total liabilities and net worth (e) Total assets 1834,553.29

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