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Big Bold Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2024

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Big Bold 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, yo gather the following data: (Click the icon to view the data.) Read the reguirements. a. Compute the current ratios for 2024 and 2023. Begin by selecting the formula to compute the current ratio. Current ratio = Now, compute the current ratios for 2024 and 2023. (Round your answers to two decimal places, XXX.) Data table Big Bold 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 requirements. a. Compute the current ratios for 2024 and 2023. Begin by selecting the formula to compute the current ratio. Current ratio = Now, compute the current ratios for 2024 and 2023 . (Round your answers to two decimal places, XX ) Requirements Compute the following ratios for 2024 and 2023 , and evaluate the company's ability to pay its current liabilities and total liabilities a. Current ratio d. Debt ratio b. Cash ratio e. Debt to equity ratio c. Acid-test ratio Data table

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