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USD ene Big Brots Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total labte improved or deteriorated
USD ene Big Brots Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total labte improved or deteriorated during 2024 TO answer this question you gather the following data m Click the icon to view the data.) Read the requirements a. Compute the current ratios for 2024 and 2023 Bogin by selecting tho formula to computo the current ratio Current ratio- Choose from any drop-down list and then click Check Answer Clear All Check Answer 10 parts remaining . Data Table - X hprove al 2024 2023 Cash $ 60,000 $ 55,000 Short-term Investments 29,000 0 UI Net Accounts Receivables 134,000 120,000 Merchandise Inventory 277,000 287,000 Total Assets 525,000 490,000 Total Current Liabilities 265,000 192,000 44,000 60,000 Long-term Notes Payable Income from Operations 175,000 163,000 54,000 39,000 Interest Expense k Print Done i Requirements X Compute the following ratios for 2024 and 2023, and evaluate the company's ability to pay its current liabilities and total liabilities: a. Current ratio d. Debt ratio b. Cash ratio e. Debt to equity ratio C. Acid-test ratio Print Done
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