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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.
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 recuirements i Data Table 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 2024 2023 Now, compute the current ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) Cash $ 58.000 $ 47,000 Current ratia 0 34.000 140,000 2024 2023 124,000 272,000 217,000 530.000 565,000 Short-term Investments Net Accounts Receivables Merchandise Inventory Total Assets Total Current Liabilities Long-term Notes Payable Income from Operations Interest Expense 288,000 40.000 165.000 205,000 50.000 158,000 41,000 55.000 Print Done
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