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Using the information provided, calculate TWO ratios that would be relevant in determining whether or not Carrison Furniture Inc. can pay its current debt and
Using the information provided, calculate TWO ratios that would be relevant in determining whether or not Carrison Furniture Inc. can pay its current debt and another TWO ratios to determine whether or not the company is able to pay long-term debt. Comment on whether the company's position has improved during 2020. 2019 $51.000 0 Cash Short-term investments Net receivables Inventory Prepaid expenses Total assets Total current liabilities Long-term debt Income from operations Interest expense 2020 $30,000 35,000 118,000 242,000 18,000 530,000 177.000 38,000 195.000 41,000 128.000 272,000 11,000 490.000 262.000 56,000 162,000 45,000 Comment on whether the company's position has improved during 2020. ratios from 2020 and ...... ratios. The company's ability to pay its current liabilities ......... based on the comparison of 2019. The ability to cover long-term debt has ... as evidenced by the
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