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I have to find A. CURRENT RATION B. ACID TEST RATIO C. DEBT RATIO D. TIMES INTEREST EARNED RATIO Seasons Frames has asked you to
I have to find
A. CURRENT RATION
B. ACID TEST RATIO
C. DEBT RATIO
D. TIMES INTEREST EARNED RATIO
Seasons 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: 3 Click the icon to view the financial information.) Read the requirements a. Current ratio Enter the formula on the first line, then calculate the ratio for each year. (Round your answers to two decimal places.) Current ratio 2017 2016 0 Data Table 2016 46,000 Cash Short-term investments $ Net receivables Inventory Total assets 2017 59,000 $ 29,500 $ 110,060 $ 247,520 $ 566,000 $ 272,000 $ 61,940 $ 168,295 $ 48,500 $ Total current liabilities 121,660 274,720 486,000 202,000 31,280 162,000 40,000 Long-term notes payable Income from operations Interest expense $ Print DoneStep by Step Solution
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