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2 O 5 Bart Morris Company reported these ratios at December 31, 2018 (dollar amounts...

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Accounting

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2 O 5 Bart Morris Company reported these ratios at December 31, 2018 (dollar amounts in millions): $30 $40 Current ratio = 520 = 1.50 Debt ratio = $70 = 0.57 Bart Morris Company comple i (Click the icon to view th Read the requirement. Requirement 1. Determine whether each transaction improved or hurt the company's current ratio and debt ratio. a. Purchased equipment on account, $7.(Review each transaction independently. Round calculations to two decimal places.) Current ratio = Debt ratio = current ratio _debt ratio b. Paid long-term debt, $9. i More Info Current ratio = Debt ratio = current ratio debt ratio c. Collected cash from customers in advance, $5. a. Purchased equipment on account, $7 b. Paid long-term debt, $9 Current ratio = Debt ratio = c. Collected cash from customers in advance, $5 d. Accrued interest expense, $2 current ratio debt ratio e. Made cash sales, $10 d. Accrued interest expense, $2. Current ratio = Debt ratio = Print Done current ratio debt ratio e. Made cash sales, $10. Current ratio =D Debt ratio = current ratio debt ratio

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