undefined

4 marks minutes Selected information from the comparative statements of National Falls Inc. for the year ended December 31 appears below 2020 2019 Accounts receivable $142,000 $182,000 Bar loan payable-a of it due in 490,000 390,000 Cost of goods sold 970,000 900,000 Accounts Payable 125,000 95.000 Rent expense 80,000 60,000 Interest expense 40,000 15,000 Invernor 136,000 154,000 Tuet income 220,000 155,000 Land 1350,000 950,000 Total revenues 2,100,000 1,100,000 Cash 27,000 7000 Instructions Calculate the following ratios for 2019 : Show your work in the space below. (a). Current ratio by Debt to total assets