(Learning Objectives 4: Analyzing the ability to pay current liabilities) Jalbert Furniture Company has requested that you determine whether the company’s ability to pay its current liabilities and long-term debts improved or deteriorated during 20X6. To answer this question, compute the following ratios for 20X6 and 20X5. (Round your answers to two decimal places.)

a. Current ratio

c. Debt ratio

b. Acid-test ratio

d. Times-interest-earned ratio Summarize the results of your analysis in a written report.