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Prince Clark 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

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Prince Clark 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) current ratio, (b) quick ratio, (c) debt ratio, and (d) interest coverage rat Round all ratios to two decimal places. Summarize the results of your analysis. (Click the icon to view the financial information.) . 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. Select the formula and then enter the amounts to calculate the current ratios. Current ratio 2018 7 - X Data table 2017 1 2018 2017 Cash $ Short-term investments Accounts receivable, net Inventory Prepaid expenses. Total assets. 77,000 $ 70,000 15,000 1,000 185,000 94,000 420,000 300,000 9,000 10,000 860,000 520,000 170,000 245,000 190,000 280,000 120,000 106,000 20.000 33,000 Total current liabilities Long-term note payable Income from operations Interest expense. Print Done b. Quick ratio Select the formula and then enter the amounts to calculate the quick ratios. (Complete all answer boxes.) + + = Quick ratio + + )/ )/ )/ 2018 ( 2017 ( 11 + + 11 c. Debt ratio. Select the formula and then enter the amounts to calculate the debt ratios. 11 Debt ratio 2018 11 2017 11 d. Interest coverage ratio. Select the formula and then enter the amounts to calculate the interest coverage ratios. Interest coverage ratio times 2018 11 2017 II times

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