Question
Whispering Winds had total debt of $507,500 and $760,350 as at December 31, 2020, and December 31, 2019, respectively, of which $105,000 and $150,000 was
Whispering Winds had total debt of $507,500 and $760,350 as at December 31, 2020, and December 31, 2019, respectively, of which $105,000 and $150,000 was current. In addition, the company had total assets of $875,000 and $685,000 as at December 31, 2020, and December 31, 2019, respectively, of which $130,000 and $165,000 was current. Evaluate the companys debt-paying ability in 2020 and 2019.
2020 | 2019 | |||
---|---|---|---|---|
Debt-paying ability by calculating the debt to total assets ratio: (Round answers to 0 decimal places, e.g. 500%.) | ||||
Debt-paying ability by calculating current ratio: (Round answers to 2 decimal places, e.g. 45.50.) |
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