Comparing Bonds Issued at Par, Discount, and Premium [LO 10-3] Net Work Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2012 Maturity amount and date: $200,000 due in 10 years (December 31, 2021) Interest: 10 percent per year payable each December 31 Date issued: January 1, 2012 Provide the following amounts to be reported on the January 1, 2012, financial statements immediately after the bonds were issued: Calculating and Interpreting the Quick Ratio and Times Interest Earned Ratio [LO 10-5] At December 31, 2010, Kraft Foods Inc. reported no short-term investments but did report the following amounts (in millions) in its financial statements: Compute the quick ratio and times interest earned ratio for 2010 and 2009. (Round your answers to 2 decimal places.) Did Kraft appear to have increased or decreased its ability to pay current liabilities as they become due? Increased Decreased