Big Bend Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved Next question ng 2024. To answer this question, you gather the following data: : (Click the icon to view the data.) Read the requirements. . a. Compute the current ratios for 2024 and 2023. - X Data table Begin by selecting the formula to compute the current ratio. Current ratio 2024 2023 Now, compute the current ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) Cash $ Current ratio Short-term Investments Net Accounts Recelvables 2024 52,000 $ 51,000 28,000 0 0 128,000 134,000 227 000 267,000 555,000 520,000 295.000 242,000 2023 b. Compute the cash ratios for 2024 and 2023. Begin by selecting the formula to compute the cash ratio. Cash ratio = Merchandise Inventory Total Assets Total Current Liabilities Long-term Notes Payable Income from Operations Interest Expense 44,000 48,000 168.000 168.000 Now, compute the cash ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) 46.000 37,000 Cash ratio 2024 Print Done 2023 c. Compute the acid-test ratios for 2024 and 2023. Begin by selecting the formula to compute the acid-test ratio. Big Bend Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved Next question ng 2024. To answer this question, you gather the following data: : (Click the icon to view the data.) Read the requirements. Acid-test ratio = - X Data table Now, compute the acid-test ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) Acide-test ratio 2024 2023 2024 Cash $ 2023 Short-term Investments Net Accounts Recelvables d. Compute the debt ratio for 2024 and 2023. Begin by selecting the formula to compute the debt ratio. . Debt ratio 52,000 $ 51,000 28,000 0 0 128,000 134,000 227 000 267,000 555,000 520,000 295.000 242,000 Now, compute the debt ratios for 2024 and 2023. (Round your answer to one tenth of a percent, X.X, and do not enter the %. For exar Merchandise Inventory Total Assets Total Current Liabilities Long-term Notes Payable Income from Operations Interest Expense 44,000 48,000 168.000 168.000 Debt ratio % 46.000 37,000 2024 2023 % Print Done e. Compute the debt to equity ratios for 2024 and 2023. Begin by selecting the formula to compute the debt to equity ratio. = L Debt to equity Now, compute the debt to equity ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) Big Bend Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved Next question 2021 To encuar thic auction woul.cather the followino dato (Click the icon to view the data.) - X Read the requirements. Data table 2024 2023 d. Compute the debt ratio for 2024 and 2023. $ Begin by selecting the formula to compute the debt ratio. Debt ratio Now, compute the debt ratios for 2024 and 2023. (Round your answer to one tenth of a percent, X.X, and do not enter the %. For example a Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Total Assets Total Current Liabilities Long-term Notes Payable Income from Operations Interest Expense 52,000 $ 51,000 $ 28.000 0 128.000 134,000 227.000 267,000 555.000 520,000 295.000 242,000 44.000 48,000 168.000 168.000 46,000 37,000 Debt ratio % 2024 % 2023 % e. Compute the debt to equity ratios for 2024 and 2023. Begin by selecting the formula to compute the debt to equity ratio. Debt to equity Now, compute the debt to equily ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) Print Done Debt to equity ratio 2024 2023 Evaluate the company's ability to pay its current liabilities and total liabilities. (Assume the following industry averages for 2024; current ratio: 0.60, cash ratio: 0.40, acid-test ratio: 0.46, debt ratio: 69%, debt to equity ratio: 2.23.) The current ratio and acid-test ratio are relatively 7.so the company the liquidity to pay its liabilities. The debt to equity ratio and the debt ratio are 1. so the company overloaded with debt