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also need the acid-test ratio for 2018, and 2017 debt ratio for 2018 and 2017 and debt to equity ratio for 2018 and 2017 Big
also need the acid-test ratio for 2018, and 2017
debt ratio for 2018 and 2017
and debt to equity ratio for 2018 and 2017
Big Bend Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2018. To answer this question, you gather the following data: FEE (Click the icon to view the data.) Read the requirements 2018 2017 60,000 55,000 Cash $ 28,000 Short-term Investments 0 132,000 Net Accounts Receivables 136,000 Merchandise Inventory 287,000 237,000 Total Assets 540,000 460,000 192,000 Total Current Liabilities 285,000 Long-term Note Payable 46,000 62,000 Income from Operations 170,000 183,000 40,000 37,000 Interest Expense Print Done Now, compute the cash ratios for 2018 and 2017. (Round your answers to two decimal places, XXX.) 2018: 2017Step by Step Solution
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