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Big Brass 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 Brass 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 Data Table Current ratio = Total current assets + Total current liabilities Now, com ded * Requirements 2024 2023 Cash $ 2024 2023 b. Compy 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 Begin by Short-term Investments Net Accounts Receivables Merchandise Inventory Total Assets Total Current Liabilities Long-term Notes Payable Income from Operations Interest Expense 54,000 S 53,000 28,000 0 122,000 128,000 237,000 292,000 495,000 550,000 255,000 212,000 46.000 48.000 168,000 183,000 48.000 37,000 Cash rath Now, com decim Print Done 2024 2023 Print Done

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