McKay Frames has asked you to determine whether the company’s ability to pay current liabilities and total liabilities improved or deteriorated during 2023. To answer that question, compute these ratios for 2023 and 2022, using the following data:

a. Current ratiob. Acid-test ratioc. Debt ratiod. Times-interest-earned ratio

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1 2 Cash 3 Short-term investments 4 Net receivables 5 Inventory 6 Total assets Total current liabilities 7 8 Long-term notes payable 9 Income from operations 10 Interest expense 11 $ $ nurses $ $ $ $ S B 2023 59,500 $ 28,500 $ 137,150 $ 250,800 $ 555,000 $ 285,000 $ 48,000 $ 164,350 $ 47,500 $ с 2022 49,500 0 127,300 284,960 486,000 208,000 30,140 169,260 42,000