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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
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. T answer this question, you gather the following data: (Click the icon to view the data.) Read the requirements. a. Compute the current ratios for 2018 and 2017. Begin by selecting the formula to compute the current ratio. Current ratio Now, compute the current ratios for 2018 and 2017 (Round your answers to two decimal places, X.XX.) Current ratio 2018 2017 b. Compute the cash ratios for 2018 and 2017.
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