VERY SHORT QUICK QUESTION!! i only need help with the bottom fill in the blank asap please and thank you!! i also provied the fill in the blanks options
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 ine. 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 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 debt ratio as of December 31,203, is if the company needs to borrow to finance more equipment or expand its office space. rement 3. Evaluate each ratio and determine if the step, evaluate the current ratio. Irrent ratio deteriorated 3,thecurreivaluatethe financed. financed lete the folls improved ebt ratio has uver uie three years. the current ratio for 201,202, and 20X3. (Enter amounts in thousands as provided to you in the problem statement, X.X. Required Use the years of data to answer the following: 1. Calculate the current ratio for 201,202, and 203. 2. Calculate the debt ratio for 201,202, and 203. 3. Evaluate each ratio and determine if the ratio has improved or deteriorated over the three years. Explain what the changes mean. each ratio and ss mean. urrent ratio. betw 1c. had and indicates that Otego can pay its debts. io. (Round the percentages to the nearest tenth percent, X.X%.) cent of its assets with debt in 201 ? cent of its assets with debt in 203? cash to pay its accounts p insufficient sufficient w to finance more equipment or expand its Requirement 2. Calculate the debt ratio for 201,202, Requirement 3. Evaluate each ratio and determine if the In this step, evaluate the current ratio. The current ratio In 203, the curren X 1 and 20 ) icates that Now, evaluate the c deteriorated ntages to th Otego financed w Otego financed w th debt in 2 Complete the follon stayed the same th debt in 20 The debt ratio has over the three years. T in thousands as provided to you in the probler fiorated over the three years. Explain what the chan between 202 and 203. This means that Otego cember 31,203, is if the company needs to bc Balance Sheet Income Statement = = = if the ratio has improved or deteriorated over the three and 202 and es that Otego c ges to the neal lebt in 20X1? debt in 20X3? between 202 and deteriorated improved stayed the same e years. The debu rauv as ur veventuer 01,203, is The balance sheet as of December 31,201,202, and 203, and income statement for the years ended December 31 , 201,202, and 203, for Otego Inc. include the following data: View the balance sheet. Read the requirements. Requirement 1. Calculate the current ratio for 201,202, and 203. (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 201,202, and 203. (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 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\%.)
