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2018 2017 Cash $60,000 $55,000 Short-term Investments 28,000 0 Net Accounts Receivables 116,000 116,000 Merchandise Inventory 257,000 267,000 Total Assets 510,000 580,000 Total Current Liabilities

2018

2017

Cash

$60,000

$55,000

Short-term Investments

28,000

0

Net Accounts Receivables

116,000

116,000

Merchandise Inventory

257,000

267,000

Total Assets

510,000

580,000

Total Current Liabilities

275,000

222,000

Long-term Note Payable

48,000

60,000

Income from Operations

170,000

183,000

Interest Expense

44,000

45,000

Compute the current ratios for

2018 and 2017.

(Round your answers to two decimal places, X.XX.)

2018:

2017:

Compute the cash ratios for

2018 and 2017.

(Round your answers to two decimal places, X.XX.)

2018:

2017:

Compute the acid-test ratios for

(Round your answers to two decimal places, X.XX.)

2018:

2017:

Compute the debt ratio for

2018 and 2017

(Round your answer to one tenth of a percent, X.X%.)

2018:

2017:

Compute the debt to equity ratios for

(Round your answers to two decimal places, X.XX.)

2018:

2017:

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