Sports International had total debt of $500,000 and $750,000 as at December 31, 2017 and December 31,

Question:

Sports International had total debt of $500,000 and $750,000 as at December 31, 2017 and December 31, 2016, respectively, of which $100,000 and $150,000 was current. In addition, the company had total assets of $900,000 and $700,000 as at December 31, 2017 and December 31, 2016, respectively, of which $120,000 and $140,000 was current. Evaluate the company's debt-paying ability in 2017 and 2016.