Brandy Pitts Winery requested that you determine whether the companys ability to pay its current liabilities and

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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 2010. To answer this question, compute the following ratios for 2010 and 2009:

(a) current ratio,

(b) quick ratio,

(c) debt ratio, and

(d) times-interest-earned ratio. Summarize the results of your analysis.image text in transcribed

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Financial Accounting

ISBN: 9780136060482

1st Edition

Authors: Jeffrey Waybright, Robert Kemp

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