Question: ASSIGNMENT 7.1. USING RATIOS TO ASSESS CURRENT AND LONG-TERM LIABILITIES In FY 2010, the MLK Settlement House has total assets of $1.2 million and current

ASSIGNMENT 7.1. USING RATIOS TO ASSESS CURRENT AND LONG-TERM LIABILITIES In FY 2010, the MLK Settlement House has total assets of $1.2 million and current assets of $300,000. Its current liabilities are $200,000, and its long-term liabilities are $800,000. What ratios can be used with these data? What would the answers be? Given the fact that there is only one year's worth of data, what conclusions can you draw

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