Scenic Frames has asked you to determine whether the company's ability to pay current liabilities and total
Question:
a. Current ratio
b. Acid-test ratio
c. Debt ratio
d. Times-interest-earned ratio
Transcribed Image Text:
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
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a Current ratio 2012 59000 29500 110060 247520 164 272000 2011 47000 118240 2713...View the full answer
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