Prince Clark Winery requested that you determine whether the companys ability to pay its current liabilities and
Question:
(a) Current ratio,
(b) Quick ratio,
(c) Debt ratio,
(d) Interest coverage ratio.
Round all ratios to two decimal places. Summarize the results of youranalysis.
Transcribed Image Text:
2012 2011 Cash Short-Term Investments Accounts Receivable, Net nventory Prepaid Expenses Total Assets Total Current Liabilities.. Long-Term Note Payable Income From Operations.. Interest Expense... .30,000 40,000 37,000 18,000 120,000 140,000 .290,000 320,000 7,000 10,000 600,000 750,000 ....220.000 200,000 145,000 180,000 22,000 26,000
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a Current ratio 2012 30000 37000 120000 290000 7000 220 220000 2011 40...View the full answer
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