The 2020 and 2021 partial balance sheets for Myers Manufacturing Company appear below: 
Required:
a.Calculate Myers' current ratio for 2021.
b.Calculate Myers' debt ratio for 2021.
c.Calculate Myer's debt-to-equity ratio for 2021.
Definitions:
Accommodation
In cognitive development, this refers to the process by which individuals adjust their schemas (mental models) to incorporate new experiences.
Preexisting Idea
A concept or belief that exists before a particular event, study, or project.
New Information
Data or knowledge received that was previously unknown to the recipient.
Sensorimotor Period
A stage in Piaget's theory of cognitive development, occurring from birth to approximately age 2, where infants learn about the world through their senses and actions.
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