Calculate the following ratios for Packing Corp for Year 2 (round to two decimals,e.g.12.34,34.56%): 
(a)Current ratio.
(b)Acid-test ratio.
(c)Debt ratio.
(d)Equity ratio.
Definitions:
Divergent Thinking
A thought process or method used to generate creative ideas by exploring many possible solutions.
New Perspective
Fresh outlook or approach towards understanding or addressing an issue or concept.
Heuristics
Simple, efficient rules or guidelines used to make quick decisions or solve problems.
Intuitive Judgments
Decisions made quickly and without conscious reasoning, relying on gut feelings and automatic cognitive processes.
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