Jalbert Furniture Company has requested that you determine whether the company€™s ability to pay its current liabilities and long-term debts improved or deteriorated during 2010. To answer this question, compute the following ratios for 2010 and 2009. (Round your answers to two decimal places.)
a. Current ratio
b. Acid-test ratio
c. Debt ratio
d. Times-interest-earned ratio

Summarize the results of your analysis in a writtenreport.

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2010 2009 Cash Short-term investments33,000 Net receivables Inventor Prepaid expenses Total a Total current liabilities187,000 332,000 Long-term debt.. Income from operations.191,000 169,000 Interest ex 27,000 47,000 4,000 120,000 135,000 238,000 271,000 8,000 590,000 10,000 147,000 84,000 1000 43,000