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Autumn Frames has asked you to determine whether the company's ability to pay current liabilities...

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Accounting

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Autumn Frames has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2017 To answer that question, compute these ratios for 2017 and 2016, using the following data (Click the icon to view the financial information) Read the requirements a. Current ratio Enter the formula on the first line, then calculate the ratio for each year (Round your answers to two decimal places) Current rato 2017 2010 - X Data Table 2016 2017 61,500 $ 49,500 $ Cash 26,000 S 0 $ Short-term investments 127,300 $ 126,560 $ Net receivables 284,960 236,300 S $ Inventory 486,000 564,000 $ Total assets 208,000 278,000 S Total current liabilities 30,140 20,920 S $ Long-term notes payable 169 260 Income from operations 166,110 S 42,000 49,000 S Interest expense $ - X Requirements a. Current ratio b. Acid-test ratio c. Debt ratio d. Times-interest-earned ratio

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