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

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Glamor Frames has asked you to determine whether the companys ability to pay current liabilities and total liabilities impro

art Data Table to con finan 2016 46,000 $ Cash Short-term investments Net receivables Inventory Total assets Total current li

Cash GA 46,000 Short-term investments GA Net receivables GA Inventory GA $ GA 59,000 $ 29,500 $ 110,060 $ 247,520 $ 566,000 $

business accounting

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Answer 1

Answer #1

C)Debt Ratio

	Total liabilities. /	Total assets	= Debt Ratio
2017	333,940. /	566,000	=0.59
2016	233,280 . /	486,000	=0.48

Total Liabilities= Current liabilities+ Long term notes payable

2017= 272000+ 61940

2016= 202000+ 31280

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Answer 2

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