0 The classified balance sheet of Tenpin Lanes at December 31, 2020, appears below. (Click the icon to view the classified balance sheet.) Compute and evaluate the current ratio and the debt ratio for Tenpin Lanes. Let's start with the current ratio. First, select the formula, and then enter the amounts to calculate the current ratio. (Round your answer to two decimal places.) Current ratio Now, let's calculate the debt ratio. First, select the formula, and then enter the amounts to calculate the debt ratio. (Round your answer to two decimal places.) Debt ratio Tenpin Lanes' current ratio would be considered It indicates that the business adequately meet its debt obligations. The debt ratio is Choose from any list or enter any number in the input fields and then continue to the next question. ? Classified Balance Sheet The classified balance sheet of Tenpin Lanes at December 31, (Click the icon to view the classified balance sheet.) Compute and evaluate the current ratio and the debt ratio for Tel Tenpin Lanes Balance Sheet December 31, 2020 Let's start with the current ratio. First, select the formula, and the Now, let's calculate the debt ratio. First, select the formula, and Assets Current assets Cash Accounts receivable 43,000 7.800 190 3 50,990 Tenpin Lanes' current ratio would be considered Supplies Total current assets Property, plant, and equipment Computers Less: accumulated amortization Furniture S 7,200 240 6.960 13,000 400 Less: accumulated amortization 12,600 Total property, plant, and equipment 19,560 70,550 Total assets Llabilities Current liabilities Print Done i Classified Balance Sheet The classified balance sheet of Tenpin Lanes at December 31, (Click the icon to view the classified balance sheet.) Compute and evaluate the current ratio and the debt ratio for Te 240 6,960 Let's start with the current ratio. First, select the formula, and the Less: accumulated amortization : Furniture Less: accumulated amortization Total property, plant, and equipment 13,000 400 12,600 19,560 $ 70,550 Total assets Now, let's calculate the debt ratio. First, select the formula, and t 11,600 Liabilities Current liabilities Accounts payable Salaries payable Uneamed service revenue Total current liabilities Tenpin Lanes' current ratio would be considered 1,500 2,800 $ 15,900 Long-term liabilities 36,000 36,000 Mortgage payable Total long-term liabilities Total liabilities Owner's Equity 51,900 18,650 Yasmine Jones, capital $ 70,550 Total liabilities and owner's equity Print Done Choose from any list or enter any number in the input fields and then continue to the next question. 0 The classified balance sheet of Tenpin Lanes at December 31, 2020, appears below. PER (Click the icon to view the classified balance sheet.) Compute and evaluate the current ratio and the debt ratio for Tenpin Lanes. Let's start with the current ratio. First, select the formula, and then enter the amounts calculate the current ratio. (Round your answer to two decimal places.) Current ratio ect the formula, and then enter the amounts to calculate the debt ratio. (Round your answer to two decimal places.) Debt ratio Total assets Total current assets Total current liabilities Total liabilities Total long-term liabilities Total property, plant, and equipment dered It indicates that the business adequately meet its debt obligations. The debt ratio is Choose from any list or enter any number in the input fields and then continue to the next question. 1 The classified balance sheet of Tenpin Lanes at December 31, 2020, appears below (Click the icon to view the classified balance sheet.) Compute and evaluate the current ratio and the debt ratio for Tenpin Lanes. Let's start with the current ratio. First, select the formula, and then enter the amounts to calculate the current ratio. (Round your answer to two decimal places.) Current ratio Now, let's calculate the debt ratio. First, select the formula, and then enter the amounts to calculate the debt ratio. (Round your answer to two decimal places.) Debt ratio Tenpin Lanes' current ratio would be considered It indicates that the business adequately meet its debt obligations. The debt ratio is acceptable. worrisome. Choose from any list or enter any number in the input fields and then continue to the next