Brandy Pitts Winery requested that you determine whether the companys ability to pay its current liabilities and

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Brandy Pitts Winery requested that you determine whether the company€™s ability to pay its current liabilities and long-term debts improved or deteriorated during 2014. To answer this question, compute the following ratios for 2014 and 2013:

(a) Current ratio,

(b) Quick ratio,

(d) Times-interest-earned ratio. Summarize the results of your analysis.€ƒ

Brandy Pitts Winery requested that you determine whether the company€™s

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Financial Accounting

ISBN: 978-0132889711

1st Canadian Edition

Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper

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Question Posted: Jul 08, 2015 04:01 AM

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Brandy Pitts Winery requested that you determine whether the companys ability to pay its current liabilities and

Question:

2014 2013 32,000 45,000 Short-Term Investments 35,000 130,000 142,000 Inventory....340,000 360,000 15,000 12,000 580,000 560,000 Total Current Liabilities..220,800 245,600 24,200 29,400 185,000 179,000 42,000 44,000 Prepaid Expenses Long-Term Liabilities.... Interest Expense.

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a b c Debt ratio Computations Total liabilities 2014 220800 24200 245000 Total liabilities 2013 2...View the full answer

Financial Accounting

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