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. Hill Roy Corporation. has asked the accounts department to determine whether the companys ability to pay its current liabilities and long-term debts improved or
. Hill Roy Corporation. has asked the accounts department to determine whether the companys ability to pay its current liabilities and long-term debts improved or deteriorated during current year. To answer this question, compute the following ratios for current year and preceding year.
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Current ratio
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Quick (acid-test) ratio
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Debt ratio
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Times-interest-earned ratio
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Prepare a small report based on your analysis of the following financial statement data in a written report format.
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