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Fiddler Computer Corp, a technology support company providing security for small businesses, reported these summarized figures (in millions) EFE (Click the icon to view the
Fiddler Computer Corp, a technology support company providing security for small businesses, reported these summarized figures (in millions) EFE (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) 1. Compute the company's current ratio and acid font ratio of December 31, 2020 and 2010 2. Did Fiddler Computer Corp's ratio values improve deteriorate, or hold steady during 2020? 1. Compute the company's current ratio and acid-mist ratio at December 31, 2020 and 2019. (Round the ration to two decimal places, X.XX.) The current rato la tot 220 and for 2019 The acid-centratio is for 2020 and for 2019, 2. Did Fiddler Computer Corp.'s ratio values improve, deteriorate, or hold steady during 2020? Fiddler's current ratio during 2020 and Fiddler's acid-test ratio during 2020 i Income statement Fiddler Computer Corp. Income Statement For the Year Ended December 31, 2020 Net sales $ 61.6 Cost of goods sold 42.8 Interest expense 0.8 All other expenses 16.2 $ 1.8 Net income Print Done company ement) 1 Balance sheet et.) acid-test ra mprove, de acid-testral Fiddler Computer Corp. Balance Sheet December 31, 2020 and 2019 2020 2019 Liabilities and Equity 2019 Assets 2020 2019 er 2019 Cash $ 3.6 $ 1.8 Total current liabilities 7.8 $ 8.8 $ 9.2 8.7 Simproved 0.8 1.3 Long-term liabilities 1.1 Total liabilities 18.0 16.5 1.3 2020 and Fil 10.0 8.0 Short-term investments Accounts receivable Inventory Other current assets Total current assets All other assets 2.2 0.6 Common shares 5.2 5.0 125 19.3 24.5 17.5 17.9 12.8 Retained earnings 24,6 21.2 Total equity $ 42.5$ 34.0 Total liabilities and equity $ 42.5||$ 34.0 Total assets Print Done er boxes
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