Question: Green Bluff Winery requested that you determine whether the company's ability to pay its current liabilities and long-term debts improved or deteriorated during 2016. Round
Green Bluff Winery requested that you determine whether the company's ability to pay its current liabilities and long-term debts improved or deteriorated during 2016. Round all ratios to two decimal places. To answer this question, compute the following ratios for 2016 and 2015:
(a) Current ratio,
(b) Quick ratio,
(c) Debt ratio, and
(d) Interest coverage ratio.
Round all ratios to two decimal places. Summarize the results of your analysis.

2016 2015 $ 70,000 $ 77,000 15,000 85,000 420,000 9,000 840,000 170,000 290,000 120,000 16,000 Cash.. Short-Term Investments. 4,000 94,000 300,000 Accounts Receivable, Net . Inventory. Prepaid Expenses. Total Assets . 10,000 780,000 245,000 320,000 136,000 21,000 Total Current Liabilities. Long-Term Note Payable . Income From Operations Interest Expense .
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