Question: Question 5 (13 marks) By midnight Presented is the selected balance sheet information for Lakeshore Marina for operating years 2021 and 2022: FISCAL YEAR

Question 5 (13 marks) By midnight Presented is the selected balance sheet

Question 5 (13 marks) By midnight Presented is the selected balance sheet information for Lakeshore Marina for operating years 2021 and 2022: FISCAL YEAR 2021 FISCAL YEAR 2020 Cash $23,000 $18,000 Accounts Receivable $6,000 $7,800 Inventory $15,750 $14,000 Long Term Assets $144,000 $152,000 Accounts Payable $12,000 $18,000 Notes Payable (current) $25,000 $0 *new debt to paid within 1 year Income Taxes Payable $7,300 $6,000 Long Term Debt $95,000 $108,000 Required Calculate the working capital, current ratio, and the debt ratio for each year. Comment on the company's liquidity and solvency positions from year 2020 to year 2021.

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