Perfect Fit Frames has asked you to determine whether the company's ability to pay cur-rent liabilities and
Question:
a. Current ratio
b. Acid- test ratio
c. Debt ratio
d. Times- interest- earnedratio
Transcribed Image Text:
2014 2013 2 Cash 3 Short-term investments 4 Net recelvables 5 Inventory 6 Total assets 61,500 26,000 126,560 118,240 236,300 564,000492,000 278,000 20,92046, 47,000 271320 04,000 Total current liabilities 8 Long-tem notes payable 9 Income from operations 10 Interest expense 166,110 159,5 49,000 S
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a Current ratio 2014 450360 61500 26000 126560 236300 16...View the full answer
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