Question: Below is selected balance sheet and income statement information from Brahtz & Company. 2014 2013 Current assets $ 16,148 $ 19,879 Current liabilities 28,063 26,129

Below is selected balance sheet and income statement information from Brahtz & Company. 2014 2013 Current assets $ 16,148 $ 19,879 Current liabilities 28,063 26,129 Total debt 113,896 115,545 Equity 66,434 62,613 Earnings before interest and taxes 17,777 17,476 Interest expense 2,180 2,384 Net cash flow from operating activities 19,812 19,620 a. Compute the current ratio for each year and discuss any trend in liquidity. b.Compute times interest earned, total liabilities-to-equity, and net cash from operating activities to total debt ratios for each year and discuss any trends for each
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