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Hawn Russel 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

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Hawn Russel 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 (c) 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 ration for 2018 and 2017: (a) current ratio, (b) quick ratio, (e) debt ratio, and (d) interest.coverage ratio. Round all ratics to two decimal places (Abbreviations used Avg - Average, EBIT. Eamings 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 ration Current ratio 2018 2017 b. Quick ratio Select the formula and then enter the amounts to calculate the quick ratios (Complete all answer boxes) = Quick ratio 2018 2017 2017 c. Debit ratio Select the formula and then enter the amounts to calculate the debt ratios. Debt ratio 2018 2017 d. Interest coverage ratio. Select the formula and then enter the amounts to calculate the interest Coverage ratios. Interest coverage ratio 2018 times 2017 Summarize the results of your analysis The company's ability to pay its current liabilities, long-term debt, and interest expense during 2018, as shown by the of all four ratios - X Data table 2018 2017 Cash $ - - 2. Short-term investments 77,000 $ 70,000 15,000 1,000 185,000 94,000 420,000 300.000 9,000 10,000 860,000 520.000 170.000 245.000 Accounts receivable, net Inventory Prepaid expenses Total assets Total current liabilities Long-term note payable Income from operations --- 190.000 280,000 106.000 120.000 20.000 33,000 Interest expense

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