(a) current ratio,

(b)acid-testratio,

(c)debtratio,

(d) debt/equity ratio and

(e) times-interest-earned ratio. Summarize the results of your analysis in a paragraph explaining what the results of the calculations mean.

Exercise 18-9 (similar to) s Question Help Lemon Cream Pie Corporation has requested that you determine whether the company's ability to pay its current liabilities and long-term debt has improved or deteriorated during 2020. To answer this question, compute the following ratios for 2020 and 2019: (a) current ratio, (b) acid-test ratio, (c) debt ratio, (d) debt/equity ratio and (e) times-interest-earned ratio. Summarize the results of your analysis in a paragraph explaining what the results of the calculations mean. (Click the icon to view the financial information.) Financial information - X a. Current ratio (Round your answers to two decimal places, X.XX.) The current ratio for the year 2020 is 2020 2019 The current ratio for the year 2019 is Cash $ 27,500 $ 17,000 18,000 Short-term investments Net receivables 59,500 69,500 Inventory Prepaid expenses Total assets 127,000 9,000 135,000 7,000 300,000 305,000 116,000 Total current liabilities 134,500 Total liabilities Income from operations 142,000 142,500 84,000 109,000 Enter your answer in the edit fields and then click Check Answer. Interest expense 24,500 21,000 Atirar o Windows Ace se Configuraes para Check Answer parts remaining Print Done