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Tools For All (TFA) is a global supplier of tools and related accessories. The following data were taken from the company's 2018 annual report. Dollar
Tools For All (TFA) is a global supplier of tools and related accessories. The following data were taken from the company's 2018 annual report. Dollar amounts are in millions. Required a. Compute TFA's current ratios for 2018 and 2017. (Round your answers to 2 decimal places.) b. Compute TFA's debt-to-assets ratios for 2018 and 2017. (Round your answers to 2 decimal places.) c. Based on the ratios computed in Requirements a and b, did TFA's liquidity get better or worse from 2017 to 2018 ? d. Based on the ratios computed in Requirements a and b, did TFA's solvency get better or worse from 2017 to 2018 ? Tools For All (TFA) is a global supplier of tools and related accessories. The following data were taken from the company's 2018 annual report. Dollar amounts are in millions. Required a. Compute TFA's current ratios for 2018 and 2017. (Round your answers to 2 decimal places.) b. Compute TFA's debt-to-assets ratios for 2018 and 2017. (Round your answers to 2 decimal places.) c. Based on the ratios computed in Requirements a and b, did TFA's liquidity get better or worse from 2017 to 2018 ? d. Based on the ratios computed in Requirements a and b, did TFA's solvency get better or worse from 2017 to 2018
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