Scenic Frames has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2012. To answer this question, compute these ratios for 2012 and 2011, using the following data:

a. Current ratio
b. Acid-test ratio
c. Debt ratio
d. Times-interest-earned ratio

2012 $59,000 47,000 $ 29,500 $110,060 $118,240 $247,520 $271,320 $566,000 $492,000 $272,000 $204,000 $ 61,940 46,920 $168,295 $159,580 $ 48,500 39,500 2011 Short-term investments Net receivables Inventory Total assets Total current liabilities Long-term note payable Income from operations Intereste