SCANDI HOME FURNISHINGS, INC. Balance Sheets 2017 2018 2019 Cash Accounts Receivables Inventories Total Current Assets Fixed Assets, Net Total Assets $50,000 200,000 450,000 700,000 300.000 $1,000,000 $40,000 260,000 500,000 800,000 400.000 $1,200,000 $10,000 360,000 600,000 970,000 500,000 $1,470,000 Accounts Payable Accruals Bank Loan Total Current Liabilities Long-Term Debt Common Stock ($10 par)* Capital Surplus Retained Earnings Total Liab. & Equity $130,000 50,000 90,000 270,000 300,000 300,000 50,000 80,000 $1,000,000 $170,000 70,000 90,000 330,000 400,000 300,000 50,000 120,000 $1,200,000 $180,000 80,000 184,000 444,000 550,000 300,000 50,000 126,000 $1,470,000 Creditors, as well as management, are also concerned about the ability of the venture to meet its debt obligations as they come due, the proportion of current liabilities to total debt, the availability of assets to meet debt obligations in the event of financial distress, and the relative size of equity investments to debt levels. Calculate total-debt-to-total assets, equity multiplier, debt-to-equity, current liability to total debt, and interest coverage ratios using average account balances for the 2017-2018 and 2018-2019 periods. SCANDI HOME FURNISHINGS, INC. Balance Sheets 2017 2018 2019 Cash Accounts Receivables Inventories Total Current Assets Fixed Assets, Net Total Assets $50,000 200,000 450,000 700,000 300.000 $1,000,000 $40,000 260,000 500,000 800,000 400.000 $1,200,000 $10,000 360,000 600,000 970,000 500,000 $1,470,000 Accounts Payable Accruals Bank Loan Total Current Liabilities Long-Term Debt Common Stock ($10 par)* Capital Surplus Retained Earnings Total Liab. & Equity $130,000 50,000 90,000 270,000 300,000 300,000 50,000 80,000 $1,000,000 $170,000 70,000 90,000 330,000 400,000 300,000 50,000 120,000 $1,200,000 $180,000 80,000 184,000 444,000 550,000 300,000 50,000 126,000 $1,470,000 Creditors, as well as management, are also concerned about the ability of the venture to meet its debt obligations as they come due, the proportion of current liabilities to total debt, the availability of assets to meet debt obligations in the event of financial distress, and the relative size of equity investments to debt levels. Calculate total-debt-to-total assets, equity multiplier, debt-to-equity, current liability to total debt, and interest coverage ratios using average account balances for the 2017-2018 and 2018-2019 periods