Vulture Sporting Goods reported the following data at March 31, 2010, with amounts adapted in thousands:
Vulture Sporting Goods Company
Income Statement
For the Year Ended March 31, 2010
(Amounts in thousands)
Net revenues........................ $174,000
Cost of goods sold................ 136,800
All other expenses................ 26,000
Net income........................... $ 11,200
Vulture Sporting Goods Company
Statement of Retained Earnings
For the Year Ended March 31, 2010
(Amounts in thousands)
Retained earnings, March 31, 2009............... $ 2,000
Add: Net income............................................ 11,200
Retained earnings, March 31, 2010............... $13,200

1. Compute Vultures current ratio. Round to two decimal places.
2. Compute Vultures debt ratio. Round to two decimal places.
Do these ratio values look strong, weak, ormiddle-of-the-road?

Vulture Sporting Goods Company Balance Sheet March 31, 2010 Amounts in thousands) ASSETS Current: S 1,300 28,200 37,000 5,200 71,700 6,000 28,000 $105,700 Accounts receivabl Inventories Other current assets Total current assets Property and equipment, net. Other assets Total a LIABILITIES Total current liabilites Long-term liabilities Total liabilities S 53,000 12,500 65,500 STOCKHOLDERS' EQUITY Common s Retained earnings Total stockholders' equity. 27,000 13,200 40,200 Total liabilities and stockholders' equity...