Pharoah had total debt of $507,500 and $760,350 as at December 31,2023 , and December 31,2022 , respectively, of which $105,000 and $150,000 was current. In addition, the company had total assets of $875,000 and $685,000 as at December 31,2023 , and December 31,2022 , respectively, of which $130,000 and $165,000 was current. (a) Evaluate the company's debt-paying ability in 2023 and 2022