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Swifty had total debt of $496,800 and $738,400 as at December 31, 2020, and December 31, 2019, respectively, of which $120,000 and $165,000 was current.
Swifty had total debt of $496,800 and $738,400 as at December 31, 2020, and December 31, 2019, respectively, of which $120,000 and $165,000 was current. In addition, the company had total assets of $920,000 and $710,000 as at December 31, 2020, and December 31, 2019, respectively, of which $125,000 and $150,000 was current. Evaluate the company's debt-paying ability in 2020 and 2019. 2020 2019 Debt-paying ability by calculating the debt to total assets ratio: (Round answers to O decimal places, e.g. 500%.) % Debt-paying ability by calculating current ratio: (Round answers to 2 decimal places, e.g. 45.50.) :1 % :1
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