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Please do all parts Big Bend Frames has asked you to determine whether the company's ability to pay current liabilities and total lisbilities improved or
Please do all parts
Big Bend Frames has asked you to determine whether the company's ability to pay current liabilities and total lisbilities improved or deteriorated during 2020. To answer that question, compute these ratios for 2020 and 2019, using the following data: (Click the loon to view the financial information.) Read the requirements - X a. Current ratio Data table Enter the formula on the first line, then calculate the ratio for each year. (Round your answers to two decimal places.) Current assets Current liabilities Current ratio A B + 1 2020 2020 2019 2019 49,500 + 2 Cash S S 62,500$ 3 Short-term investments S 4 Net receivables S X S Requirements 5 Inventory 6 Total assets 29,000 $ 0 128,460 $ 127,300 245,340 $ 284,960 565,000 $ 486,000 282,000 $ 208,000 45,700 $ 30,140 S S S a. Current ratio . b. Acid-test ratio . c. Debt ratio d. Times-interest-earned ratio 7 Total current liabilities 8 Long-term notes payable 9 Income from operations 10 Interest expense S 158,700$ 169,260 S 46,000 $ 42.000Step by Step Solution
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