A company has the following balance sheet and income statement for 2013 (In $ thousands). Balance Sheet Income statement Cash 400 Net sales (All credit) 12,680 Account receivable 1,300 Cost of goods sold 8,930 Inventories 2,100 Gross profit 3,750 Current assets 3,800 Selling and administration expenses 2,230 Net fixed assets 3,320 Interest expenses 460 Total assets 7,120 Profit before taxes 1,060 Accounts Payable 320 Taxes 390 Accruals 260 Profit after taxes 670 Short term loans 1,100   Current liabilities 1,680   Long term debt 2,000   Net worth (Equity) 3,440   Total liabilities and net worth 7,120   Note: Current period’s depreciation is $ 480 and ending inventory for 2012 was $ 1,800 On the basis of above information compute and analyse your results a.Working capital ratio b. Quick acid ratio c. Debt to equity ratio

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