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Bastion Computer Corp, a technology support company providing security for small businesses, reported these summarized figures in millions) (Click the icon to view the income
Bastion Computer Corp, a technology support company providing security for small businesses, reported these summarized figures in millions) (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) 1. Compute the company's current ratio and acid-test ratio at December 31, 2020 and 2019. 2. Did Bastion Computer Corp's ratio values improve, deteriorate, or hold steady during 2020? Income statement 1. Compute the company's current ratio and acid-test ratio at December 31, 2020 and 2019. (Round the ratios to two decimal places, X.XX.) The current ratio is for 2020 and for 2019 Bastion Computer Corp. Income Statement For the Year Ended December 31, 2020 The acid-test ratio is for 2020 and for 2019 $ 2. Did Bastion Computer Corp.'s ratio values improve, deteriorate, or hold steady during 2020? 67.0 Net sales Cost of goods sold Interest expense 42.4 Bastion's current ratio during 2020 and Bastion's acid-test ratio during 2020 0.3 All other expenses 16.2 Net income $ 8,1 Print Done Enter your answer in each of the answer boy Bastion Computer Corp. Balance Sheet und the December 31, 2020 and 2019 Assets 2020 2019 Liabilities and Equity 2020 2019 Cash $ 3.4 $ 2.6 Total current liabilities $ 10.0||$ 8.4 Short-term investments 0.6 0.7 Long-term liabilities 9.0 8.3 Accounts receivable 0.9 0.7 Total liabilities 19.0 16.7 ng 202 Inventory 12.0 9.6 Other current assets 2.0 1.6 Common shares 5.8 5.6 Total current assets 20.1 14.3 All other assets 18.9 15.2 Retained earnings 26.0 21.4 Total equity $ 44.9 $ 36.6 Total liabilities and equity 25.9 19.9 Total assets $ 44.9 $ 36.6 Print Done
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