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Based on the balance sheets given, calculate the following financial ratios for each year: Calculate the following financial ratios for each year: a. Current ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.9., \( 32.16 . \) b. Quick ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., \( 32.16 . \) c. Cash ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., \( 32.16 . \) d. Debt-equity ratio and equity multiplier. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., \( 32.16 . \) e. Total debt ratio. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., \( 32.16 . \)

a) 2021 current ratio = Total current assets / Total current liabilities = $249,186 / $267,942 = 0.93 2021 current ratio = 0.93 2022 current ratio = Total current assets / Total current liabilities = $351,881 / $327,199 = 1.08 2022 current ratio = 1.