Perfect Fit Frames has asked you to determine whether the
Perfect Fit Frames has asked you to determine whether the company’s ability to pay cur-rent liabilities and total liabilities improved or deteriorated during 2014. To answer that question, compute these ratios for 2014 and 2013, using the following data:


a. Current ratio
b. Acid- test ratio
c. Debt ratio
d. Times- interest- earnedratio
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