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Selected balance sheet and income statement information for the office supply retailer, Organized Plus Co., for 2019 through 2017 follows: ($ thousands) 2019 2018 2017

Selected balance sheet and income statement information for the office supply retailer, Organized Plus Co., for 2019 through 2017 follows:

($ thousands)

2019

2018

2017

Interest expense

$ 414,794

$262,105

$67,086

Pretax income

2,311,788

2,486,168

3,088,964

Net income

1,477,342

1,610,528

1,991,340

Current assets

12,349,534

11,594,516

9,110,760

Total assets

27,434,668

26,146,110

18,072,680

Current liabilities

6,619,060

8,479,538

4,567,325

a. Compute the current ratio for each year and discuss any trends.

b. Compute times-interest-earned ratio for each year and discuss any trends.

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