Sports International had total debt of $500,000 and $750,000 as at December 31, 2023, and December 31, 2022, respectively, of which $100,000 and $150,000 was current. In addition, the company had total assets of $900,000 and $700,000 as at December 31, 2023, and December 31, 2022, respectively, of which $120,000 and $140,000 was current.

(a) Evaluate the company’s debt-paying ability in 2023 and 2022. Round the debt to total assets ratio to the nearest full percentage point and the current ratio to two decimal points.

(b) Create a visualization in Excel and explain the trend of the ratios calculated in part (a).