Vanity Dog Products had the following account balances. 
Required:
Compute the following:
1) The 2015 Quick Ratio
2) The 2015 Current Ratio
3) The 2016 Quick Ratio
4) The 2016 Current Ratio
5) What was net income for 2016, assuming no dividends were paid?
6) Did the quick ratio improve for 2016 over 2015 or did it degrade?
Definitions:
Valves
Structures in the heart and veins that maintain blood flow in one direction, preventing backflow.
Systemic Circulation
The part of the cardiovascular system that carries oxygenated blood away from the heart to the body, and returns deoxygenated blood back to the heart.
Right Ventricle
The chamber within the heart that is responsible for pumping oxygen-depleted blood to the lungs for oxygenation, located in the lower right portion of the heart.
Aorta
The largest artery in the body, originating from the left ventricle of the heart and extending down to the abdomen, distributing oxygenated blood to all parts of the body.
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