Question: Walla Walla Winery requested that you determine whether the company's ability to pay its current liabilities and long-term debts improved or deteriorated during 2016. To

Walla Walla Winery requested that you determine whether the company's ability to pay its current liabilities and long-term debts improved or deteriorated during 2016. To answer this question, compute the following ratios for 2016 and 2015:

(a) Current ratio,

(b) Quick ratio,

(d) Interest coverage ratio.

Round all ratios to two decimal places. Summarize the results of your analysis.

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a b c Computations Total liabilities 2016 190000 270000 460000 Total liabilities 2015 205000 ... View full answer

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