Top Notch Frames has asked you to determine whether the companys ability to pay current liabilities and
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a. Current ratio
b. Acid- test ratio
c. Debt ratio
d. Times- interest- earnedratio
Transcribed Image Text:
2014 2013 2 Cash 60,500 S 45,000 3 Short-term investments 4 Net recevables 5 Inventory 6 Total assets 7 Total current liabilities 115,500 226,800 28 108,201 286,560 558,000 488,000 199000 30,360 171000 174580 3,000 270,000 8 Long-term notes payable 9 1 Income from operations 10 Interost expense 31320 5 50,000 S
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a Current ratio 2014 429300 60500 26500 115500 226800 159 2...View the full answer
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