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Please show the work and what calculations you use to get answer Burt Wilson Company reported these ratios at December 31, 2018 (dollar amounts in

image text in transcribedPlease show the work and what calculations you use to get answer

Burt Wilson Company reported these ratios at December 31, 2018 (dollar amounts in millions) Burt $40 $30 $40 $70 Current ratio Debt ratio0.57 Read Requirement 1. Determine whether each transaction improved or hurt the company's current ratio and debt ratio a. Purchased equipment on account, S6. (Review each transaction independently. Round calculations to two decimal places.) Current ratio Debt ratio current ratio debt rati More Info a. Purchased equipment on account, $6 b. Paid long-term debt, $9 c. Collected cash from customers in advance, $1 d. Accrued interest expense, $5 e. Made cash sales, $6 Print Done

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