1 Selected balance sheet and income statement information for jewelry retailer Jason & Co. for 2019 through 2021 follows: 2 3 (Smillions) 4. Net sales 5 Interest expense 6 Pretax income 7 Net income 8 Current assets 9 Total assets 10 Current liabilities 11 12 A. 2021 $7,600 275 1,680 1,120 10,000 72,000 1,600 2020 $7,300 250 1,425 1,100 9,000 75,000 1,190 2019 $6,400 200 1,500 1,240 7,000 71,000 1,000 Compute the current ratio for each year and discuss any trends. Do you feel that Jason & Co. is sufficiently liquid? Explain. What additional information might be helpful in analyzing liquidity? 14 15 Compute times interest earned for each year and discuss any trends. Do you have any concerns about Jason & Co.'s level of financial leverage and its ability to meet interest obligations? Explain. 16 B. 17 18