2018 2017 75,000 66,000 Cash 20,000 Short-term investments 2,000 Accounts receivable, net 97,000 181,000 410,000 Inventory 310,000 Prepaid expenses. . 11,000 10,000 Total assets.. 770,000 490,000 Total current liabilities.. 180,000 246,000 Long-term note payable 180,000 270,000 121,000 Income from operations 130,000 Interest expense. . 21,000 32,000 CA Hawn Russel Winery requested that you determine whether the company's ability to pay its current liabilities and long-term debts improved or deteriorated during 2018. To answer this question, compute the following ratios for 2018 and 2017: (a) current ratio,

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(b) quick ratio, (c) debt ratio, and (d) interest coverage ratio. Round all ratios to two decimal places. Summarize the results of your analysis. (Click the icon to view the financial information.) To answer this question, compute the following ratios for 2018 and 2017: (a) current ratio, (b) quick ratio, (c) debt ratio, and (d) interest-coverage ratio. Round all ratios to two decimal places. (Abbreviations used: Avg = Average, EBIT Earnings before interest and taxes, LT Long-term, and ST Short-term.) Begin with a. current ratio. Select the formula and then enter the amounts to calculate the current ratios. Current ratio 2018 2017. Get Accounting Homework Help Today