ions S rations 365 or ookstore 2 Assessing a Firm's Profitability, Liquidity and Solvency Presented below is financial data for the Outback Company as of year-ends of the prior and current years: Current Year Prior Year $70,000 130,000 40,000 91,000 190,000 26,600 Current Assets Total Assets Current Liabilities Total Liabilities Net Sales Net Income $68,750 100,000 27,500 80,000 140,000 22,400 (1). Please calculate Outback's current ratio, debt-to-total-assets ratio, and return on sales ratio for both current year and prior year. (2) Comment on the trend in the company's profitability, liquidity, and solvency.

Assessing a Firm's Profitability, Liquidity and Solvency Presented below is financial data for the Outback company as of year-ends of the prior and current years: (1). Please calculate Outback's current ratio, debt-to-total-assets ratio, and return on sales ratio for both current year and prior year. (2) Comment on the trend in the company's profitability, liquidity, and solvency