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


Bastion Computer Corp, a technology support company providing security for small businesses, reported these summarized figures (in milions): (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 Bastion Computer Corp's ratio values improve deteriorate, or hold steady chering 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, X.XX.) The current ratio is for 2020 and for 2019, The acid-oest ratio in for 2020 and for 2019 2. Did Bastion Computer Corp's ratio values improve, deteriorate, or hold steady during 2020? Bastion's current ratio during 2020 and Bastion's acid-test ratio during 2020 Balance sheet ons W Bastion Computer Corp. Balance Sheet December 31, 2020 and 2019 2020 2019 Liabilities and Equity $ 4.0||$ 2.8 Total current liabilities Assets XX.) 2020 2019 Cash $ $ 9.6||$ 9.4 8.4 8.3 1.6 2.1 Long-term liabilities 0.5 Total liabilities 0.9 19.0 Short-term investments Accounts receivable Inventory Other current assets 16.7 8.2 10.0 12. 0.8 Common shares 5.4 19.5 Total current assets 5.0 14.1 17.7 26.2 14 4 Retained earnings Total equity All other assets 21.4 24.9 19.1 Print Done pport co statem Turizer i Income statement e sheet.) and acid Fues imp Bastion Computer Corp. Income Statement and acid dec For the Year Ended December 31, 2020 for 2019 Net sales $ 69.5 for 2010 Cost of goods sold 44.2 ues imp Interest expense 0.4 16.4 ng 2020 All other expenses Net income $ GA 8.5 Print Done er boxed
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