The balance sheet as of December 31, 20X1, 20X2, and 20X3, and income statement for the years ended December 31, 20X1, 20X2, and 20X3, for

Otego Inc. include the following data:

Balance Sheet The current ratio between 201 and 202 and between 202 and 203. This means that Otego Inc. had cash to pay its accounts payable and salaries payable every year. In 203, the current ratio is and indicates that Otego can pay its debts. Now, evaluate the debt ratio. (Round the percentages to the neal Otego financed what percent of its assets with debt in 201 ? Otego financed what percent of its assets with debt in 20X3? Complete the following sentences. The debt ratio has over the three years. The de 33, is if the company needs to borrow to finance more equipment or expand its office space. Requirement 1. Calculate the current ratio for 20X1,20X2, and 20X3. (Enter amounts in thousands as provided to you in the problem statement, X.X. Round your answers to three decimal places.) Requirement 2. Calculate the debt ratio for 20X1,20X2, and 20X3. (Enter amounts in thousands as provided to you in the problem statement, X.X. Round your answers to three decimal places.) Requirement 3. Evaluate each ratio and determine if the ratio has improved or deteriorated over the three years. Explain what the changes mean. In this step, evaluate the current ratio. The current ratio between 201 and 202 and that Otego can pe Now, evaluate the Otego financed Otego financed Complete the follc The debt ratio has between 202 and 203. This means that Otego Inc. had :entages to the nearest tenth percent, X.X\%.) with debt in 20X1? with debt in 20X3? cash to pay its accounts payable and salaries payable every year. In 203, the current ratio is if the company needs to borrow to finance more equipment or expand its office space. Requirement 3. Evaluate each ratio and determine if the ratio has improved or deteriorated over the three years. Explain what the changes mean. In this step, evaluate the current ratio. The current ratio between 201 and 202 and between 202 and 203. This means that Otego Inc. had cash to pay its accounts payable and salaries payable every year. In 203, the current ratio is and indicates that Otego can pay its debts. Now, evaluate the debt ratio. (Round the percentages to the nearest tenth percent, X.X%.) Otego financed what percent of its assets with debt in 20X1? Otego financed what percent of its assets with debt in 203 ? Complete the following sentences. The debt ratio has over the three years. The debt ratio as of December 31,203, is if the company needs to borrow to finance more equipment or expand its office space. Income Statement