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Bart Moms Company reported these ratios at December 31. 2012 Current ratio = $60/$50 = 1.20 Debt ratio = S 70/S 90 = 0.78 Bart Moms Company completed these transactions during 2013: Requirement Determine whether each transaction improved or hurt Johnston's current ratio and debt ratio Requirement Determine whether each transaction improved or hurt Johnston's current ratio and debt ratio. Let's begin by calculating the current ratio and debt ratio to include the purchase of the equipment Current ratio = 103 Debt ratio = 0.80 Hurts current ratio Hurts debt ratio Now calculate the current ratio and debt ratio to include the payment of long-term debt Current Ratio Debt ratio