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 Cash Short-term investments Net receivables Inventory Prepaid expenses Total assets Total current liabilities Long-term debt Income from operations Interest expense 2020 $30,000 35,000 118,000 242.000 18.000 530.000 177,000 38.000 195.000 41.000 2019 $51,000 0 128,000 272.000 11,000 490,000 262,000 56,000 162.000 45.000 2020 and 2019. (Round the ratios fo Required: 1. Compute the current ratio, quick ratio, debt ratio and times interest earned two decimal places.) 2. Comment on whether the company's position has improved during 2020