Question
2. [Liquidity and Financial Leverage Ratios] Refer to the Salza Technology Corporation in Problem 1. A. Using average balance sheet account data, calculate the
2. [Liquidity and Financial Leverage Ratios] Refer to the Salza Technology Corporation in Problem 1. A. Using average balance sheet account data, calculate the (a) current ratio, (b) quick ratio, (c) total-debt-to-total-assets ratio, and (d) the interest coverage ratio for 2016. B. Repeat the ratio calculations requested in Part A separately for 2015 and 2016 using year-end balance sheet account data. What changes, if any, have occurred in terms of liquidity and financial leverage?
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