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d Selected information from the comparative statements of National Falls Inc. for the year ended December 31 appears below. 2020 2019 out of $142,000 $182,000
d Selected information from the comparative statements of National Falls Inc. for the year ended December 31 appears below. 2020 2019 out of $142,000 $182,000 490,000 390,000 Accounts receivable Bank loan payable - all of it due in 2025 Cost of goods sold Accounts Payable Rent expense Interest expense Inventory Net income Land Total revenues Cash 970.000 900,000 125,000 95,000 80,000 60,000 40,000 15,000 136,000 154,000 220,000 155,000 1,350,000 950,000 2,100,000 1,100,000 27,000 7,000 Instructions w Calculate the following ratios for 2019 : Show your work in the space below. (a). Current ratio (b) Debt to total assets
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