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pleaseee helpppp Spade Lane Winery requested that you determine whether the company's ability to pay its current liabilities and long-term debts improved or deteriorated during
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Spade Lane Winery requested that you determine whether the company's ability to pay its current liabilities and long-term debts improved or deteriorated during 2018. To answer this question, compute the following ratios for 2018 and 2017: (a) Da current ratio, (b) quick ratio, (c) debt ratio, and (d) interest coverage ratio. Round all ratios to two decimal places Summarize the results of your analysis. (Click the icon to view the financial information.) www To answer this question, compute the following ratios for 2018 and 2017 (a) current ratio, (b) quick ratio, (c) debt ratio, and (d). interest-coverage ratio. Round all ratios to two decimal places. (Abbreviations used Avg Average, EBIT = Earnings before interest and taxes, LT = Long-term, and ST = Short-term.) Begin with a. current ratio C Select the formula and then enter the amounts to calculate the current ratios. Current ratio 2018 2017 C ag cu mu Cash.. Short-term investments Accounts receivable, net Inventory. Prepaid expenses. Total assets. Total current liabilities. Long-term note payable Income from operations. Interest expense. ** $ 2018 2017 95,000 $68,000 37,000 20,000 187,000 111,000 290,000 330,000 19,000 20,000 840,000 550,000 195,000 246,800 170,000 260,000 153,000 197,000 22,000 31,000 b rn Step by Step Solution
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