Selected financial statement data for Meyer Company are presented below. 
Instructions
Compute the following ratios at December 31, 2010:
(a) Current.
(b) Acid-test.
Definitions:
Net Capital Spending
The total spending on fixed assets minus the proceeds from the sale of fixed assets.
Stock Dividend
A dividend payment made to shareholders in the form of additional shares of the issuing corporation's stock, rather than cash.
Retained Earnings
The portion of net income not distributed as dividends to shareholders but retained by the company for reinvestment in its core business, or to pay debt.
Common Stock
A type of equity ownership in a corporation, where holders have voting rights and potentially receive dividends.
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