Question: Nesters Computer Corp, a technology support company providing security for small businesses, reported these summarized figures (in Millions) (Click the icon to view the income


Nesters Computer Corp, a technology support company providing security for small businesses, reported these summarized figures (in Millions) (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) 1. Compute the company's current ratio and acid-test ratio at December 31, 2020 and 2019 2. Did Nosters Computer Corp's ratio values improve, deteriorate, or hold steady during 2020? 1. Compute the company's current ratio and acid-test ratio at December 31, 2020 and 2019 (Round the ratios to two decimal places, XXX) The current ratio is for 2020 and for 2019, The acid-test ratio is for 2020 and for 2019, 2. Did Nosters Computer Corp's ratio values improve, deteriorato, or hold steady during 2020? Nesters's current ratio during 2020 and Nesters's acid-test ratio during 2020 deteriorated improved hold steady Enter your answer in e oxes 1 Income statement Nesters Computer Corp. Income Statement For the Year Ended December 31, 2020 Net sales $ 63.5 Cost of goods sold 44.2 Interest expense 1.0 All other expenses 16.6 Net income $ 1.7 Balance sheet Nesters Computer Corp. Balance Sheet December 31, 2020 and 2019 2020 2019 Liabilities and Equity Assets 2020 2019 Cash $ 4.0||$ 2.0 Total current liabilities $ 9.0||$ 8.2 Short-term investments 1.8 1.9 Long-term liabilities 9.6 8.7 1.9 1.2 Total liabilities 18.6 Accounts receivable Inventory 16.9 10.8 2.6 9.6 1.6 Other current assets Common shares 5.0 Total current assets 5.6 22.7 17.0 21.1 25.8 16.3 Retained earnings 22.6 Total equity All other assets 28.3 22.0
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