Question - The following is the Delta Unlimited Company adjusted Trial Balance.
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Delta Unlimited Company
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Adjusted Trial Balance
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December 31, 2016
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Account Title
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Debit
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Credit
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Cash
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$88,450
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Accounts Receivable
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157,700
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Supplies
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35,255
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Stock Investment
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158,250
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Equipment
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295,285
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Accumulated Depreciation
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$235,260
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Accounts Payable
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47,555
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Wages Payable
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30,000
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Capital Stock
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200,000
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Retained Earnings
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136,145
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Service Revenue
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897,105
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Interest Income
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1,500
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Rent Expense
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63,250
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Wages Expense
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537,260
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Supplies Expense
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42,520
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Depreciation Expense
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163,595
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Dividends
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6,000
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________
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Totals
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$1,547,565
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$1,547,565
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What are Delta Unlimited Company's ratios for the following: (Round all non-dollar value ratios to one decimal place. Do not enter the ":1" notation in the answer box. For dollar value ratios enter the dollar sign followed by the whole dollar amount. Any negative dollar value the number must be enclosed in brackets and do not use a minus sign.)
1. Current Ratio
2. Quick Ratio
3. Working Capital