Question: Please, I want an answer. E17-21 Analyzing the ability to pay liabilities Data for Dabbani Company follows: 2014 2013 Cash Short-term Investments Net Accounts Receivables
E17-21 Analyzing the ability to pay liabilities Data for Dabbani Company follows: 2014 2013 Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Total Assets Total Current Liabilities Long-term Debts Income from Operations Interest Expense $ 65,000 20,000 130,000 250,000 1,150,000 230,000 52,000 240,000 45,000 $ 70,000 0 142,000 274,000 950,000 215,000 55,000 190,000 32,000 Compute the following ratios for 2014 and 2013: a. Current ratio d. Debt ratio b. Cash ratio e. Debt to equity ratio c. Acid-test ratio
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