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Glamor Frames has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2017. To answer
Glamor Frames has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2017. To answer that question, compute these ratios for 2017 and 2016, using the following data: :: (Click the icon to view the financial information.) Read the requirements 2016 ( 5 - 2016 ( 5 46000 46.000 + S 0 + $ 121,660 / $ 202,000 c. Debt ratio Enter the formula on the first line, then calculate the ratio for each year. (Round your answers to two decimal places.) omal places) Total liabilities Debt ratio I 2017 2016 Total assets 566000 486000 - - Choose from any list or enter any number in the input fields and then click Check Answer art Data Table to con finan 2016 46,000 $ Cash Short-term investments Net receivables Inventory Total assets Total current liabilities Long-term notes payable Income from operations $ $ $ ne, ti 2017 h 59,000 $ 29,500 $ 110,060 $ 247,520 $ 566,000 $ 272,000 $ 61,940 $ 168.295 $ 18.500 121,660 274,720 486,000 202.000 31,280 162,000 10.000 $ Interest evnense any Cash GA 46,000 Short-term investments GA Net receivables GA Inventory GA $ GA 59,000 $ 29,500 $ 110,060 $ 247,520 $ 566,000 $ 272,000 $ 61.940 $ 168,295 $ 48.500 S Total assets Total current liabilities Long-term notes payable Income from operations Interest expense 0 121,660 274,720 486,000 202,000 31,280 162,000 40.000 A GA G GA Print Done
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