Brandy Pitts Winery requested that you determine whether the company€™s ability to pay its current liabilities and long-term debts improved or deteriorated during 2014. To answer this question, compute the following ratios for 2014 and 2013:

(a) Current ratio,

(b) Quick ratio,

(c) Debt ratio, and

(d) Times-interest-earned ratio. Summarize the results of your analysis.€ƒ

2014 2013 32,000 45,000 Short-Term Investments 35,000 130,000 142,000 Inventory....340,000 360,000 15,000 12,000 580,000 560,000 Total Current Liabilities..220,800 245,600 24,200 29,400 185,000 179,000 42,000 44,000 Prepaid Expenses Long-Term Liabilities.... Interest Expense.