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Large Land Photo Shop Large Land Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved

Large Land Photo Shop

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Large Land Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2015. To answer this question, you gather the following data: Compute the following ratios for 2015 and 2014, and evaluate the company's ability to pay its current liabilities and total liabilities: a. Current ratio d. Debt ratio b. Cash ratio e. Debt to equity ratio c. Acid-test ratio

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