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HW 5(1) (Protecte File Home Insert Page Layout Formulas Data Review View Help Search O PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it i SUBSCRIPTION EXPIRED Most of the features of Excel have been disabled. Reactivate ADDITIONAL INFORMATION If you need to make a quick edit before renewing your subscription, learn more a 177 fx D 2016 A B Refer to the fiscal 2017 income statement and balance sheet of 1 Mullen, Inc. provided below: 2 3 Mullen, Inc. 4 Balance Sheet 5 As of December 31, 2017 6 Assets: 7 Cash and cash equivalents $454,000 8 Accounts receivable 595,241 9 Inventory 518,543 10 Current Assets 1,567,784 11 12 Property, plant and equipment 1,085,741 13 Less: Accumulated depreciation -388,139 14 Property, plant and equipment-net 697 602 15 Intangible assets 748,545 16 17 Total assets $3.013,931 18 19 Liabilities 20 Accounts payable $452.484 21 Accrued expenses 451,421 $374,585 419,546 548,521 1,342.652 924,652 -297,504 627,148 698,545 $2,668,345 $475,152 373.650 Q1 02 Q3 04 DO NOT USE or delete Ready E Type here to search 2016 -,585 ,546 5,521 2,652 for year for year Required: Compute the following liquidity, solvency and coverage ratios for 2017 and 2016 for Mullen, Inc.: For all ratios, DO NOT USE and round to two decimal places, a Current ratio 2017 Center value 2016 Center value b Quick ratio 2017 Center value 2016

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