Harry Winslet Winery requested that you determine whether the company€™s ability to pay its current liabilities and long-term debts improved or deteriorated during 2012.
Round all ratios to two decimal places. To answer this question, compute the following ratios for 2012 and 2011:
(a) Current ratio,
(b) Quick ratio,
(c) Debt ratio,
(d) Interest coverage ratio. Round all ratios to two decimal places. Summarize the results of youranalysis.

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2012 2011 Cash Short-Term Investments. Accounts Receivable, Net. Inventory Prepaid Expenses Total Assets Total Current Liabilities Long-Term Note Payable. Income From Operations S 40,000 S 30,000 35,000 22,000 150,000 130,000 190,000 257,000 3,000 5.000 150,000 200,000 125,000 165,000 175,000 160,000 15,000 19,500