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Green Bluff Winery requested that you determine whether the company's ability to pay its current liabilities and long-term debts improved or deteriorated during 2018 To
Green Bluff Winery requested that you determine whether the company's ability to pay its current liabilities and long-term debts improved or deteriorated during 2018 To answer this question, compute the following ratios for 2018 and 2017 (a) current ratio. (b) quick ratio (e) debt ratio, and (d) interest coverage ratio Round all ratios to two decimal places Summarize the results of your analysis Click the icon to view the financial information) To answer this question, compute the following ratios for 2018 and 2017 (a) current ratio, (b) quick ratio, (c) debt ratio, and (d) interest-coverage ratio. Round all ratios to two decimal places. (Abbreviations used Avg Average, EBIT = Earnings before interest and taxes, LT -Long-term, and ST -Short-term) Begin with a current ratio Select the formula and then enter the amounts to calculate the current ratios Current ratio 2018 2017 2018 2017 Cash $ 70,000 $ 77,000 . Short-term investments 4,000 15,000 - - Accounts receivable, net 94,000 85,000 300,000 Inventory Prepaid expenses. 420,000 9,000 10,000 Total assets. 780,000 ---- Total current liabilities 245.000 840,000 170,000 290,000 120,000 320,000 Long-term note payable Income from operations 136,000 21,000 Interest expense. 16,000 Print Done
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