Company Target Accounting Il Company Analysis Project Current and Long-term Liabilities Questions Refer to the notes to the financial statements. The first note, "Summary of Significant Accounting Policies, provides information about the company's liabilities. You will also need to refer to the other notes to the financial statements and to the financial statements themselves in order to answer the following questions. THE BASICS 1. What is the amount of the company's current liabilities? a. This year b. Last year 2. What is the amount of the company's long-term liabilities? a. This year b. Last year 3. Refer to the notes to the financial statements. Does the company report any Capital leases ? a. If yes what is the amount of the capital lease obligation (iability 2) Last year 4. Refer to the notes to the financial statements. Does the company report any operating leases? a. What is the amount of total cash flow commitment under these operating leases? ANALYSIS: Calculate the following ratios for both years presented in the balance sheet Show your computations. A. Current ratio = Current Assets/ Current Liabilities 1. Current year_ 2. Prior Yeas B. Debt to total Assets Ratio Total Liabilities /Total Assets 1 Current year Prior Year C. Times Interest Earned (Net income Interest Expense Tax Expense)/ Interest expense. 1 Current year 2 Prior Year