Question 7 (5 points) Using the information provided, calculate 4 ratios that would be relevant in determining whether or not Carrison Furniture Inc. can pay both its current and long-term debt. Comment on whether the company's position has improved during 2020. 2020 2019 Cash $30,000 $51.000 Short-term investments 35,000 0 Net receivables 118,000 128.000 Inventory 242,000 272,000 Prepaid expenses 18,000 11,000 Total assets 530,000 490,000 Total current liabilities 177,000 262,000 Long-term debt 38,000 56,000 Income from operations 195,000 162,000 Interest expense 41,000 45,000 Required: 1. Compute the current ratio, quick ratio, debt ratio and times interest earned for 2020 and 2019. (Round the ratios to two decimal places.) 2. Comment on whether the company's position has improved during 2020