144 Data table Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Total Assets Total Current Liabilities Long-term Notes Payable Income from Operations Interest Expense Print 2024 2023 Done I X $ 58,000 $ 34,000 140.000 124.000 217,000 272,000 530.000 565.000 288,000 205,000 40,000 50,000 165,000 158,000 55,000 41.000 47,000 0 sability to pay curre gather the following two decimal places o decimal places,

Big Beautiful Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2024 . To answer this question, you gather the following data Click the icon to view the data ) Read the reguirements a. Compute the current ratios for 2024 and 2023 Begin by selecting the formula to compute the current ratio Current ratio = Total current assets - Total current liabilities Now, compute the current ratios for 2024 and 2023 (Round your answers to two decimal places, XXX ) b. Compute the cash ratios for 2024 and 2023 Begin by selecting the formula to compute the cash ratio Now, compute the cash ratios for 2024 and 2023 (Round your answers to two decimal places; X XX) C. Compute the acid-test ratios for 2024 and 2023 Begin by selecting the formula to compute the acid-test ratio Acid-test ratio =( Cash + Short-term investments + Net current receivables ) Total current liabilities Now, compute the acid-test ratios for 2024 and 2023 (Round your answers to two decimal places, XXX) d. Compute the debt ratio for 2024 and 2023 Data table ability to pay curr gather the following wo decimal places Now, compute the debt ratios for 2024 and 2023 . (Round your answer to one tenth of a percent, XX, and do not enter the \% For example, enter 10.1% as 10.1 ) e. Compute the debt to equity ratios for 2024 and 2023 Begin by selecting the formula to compute the debt to equity ratio Debt to equity = Total liabilities - Total equity Now, compute the debt to equity ratios for 2024 and 2023 . (Round your answers to two decimal places, XXX ) Debt to equity