Bricker Frames has asked you to determine whether the company's ability to pay current liabilities and total
Question:
a. Current ratio
b. Acid-test ratio
c. Debt ratio
d. Times-interest-earned ratio
Transcribed Image Text:
2017 61,500 $ 2016 Cash Short-term Investments 4 Net recelvables 5 Inventory 6 Total assets 47,000 126,560 S 236,300 S 564,000 S 278,000 S 20,920 $ 166,110 S 49,000 S 118,240 271,320 492,000 204,000 46,920 159,580 %24 Total current llablitles 8 Long-term notes payable 9 Income from operations 10 Interest expense 39,500 11
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a Current ratio 2017 450360 61500 26000 126560 236300 162 2...View the full answer
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