Current assets 13,709 15,731 Current ratio 1.89 1.17 Current liabilities 7,244 13,486 Cash + Investments + A/R 8,253 9,040 Quick ratio 1.14 1.18 Current liabilities 7,244 7,687 Total liabilities 26,652 9,848 26,365 Liabilities to equity 2.71 2.27 Total equity 11,622 Earnings before interest and tax 7,207 7,692 es-interest-earned 156.67 240.38 Interest expense, gross 46 32

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Based on this - what comments can I make on liquidity and solvency?

 

2018
2017
Current assets
13,709
15,731
Current ratio
1.89
1.17
Current liabilities
7,244
13,486
Cash + Investments + A/R
8,253
9,040
Quick ratio
1.14
1.18
Current liabilities
7,244
7,687
Total liabilities
26,652
26,365
Liabilities to equity
2.71
2.27
Total equity
9,848
11,622
Earnings before interest and tax
7,207
7,692
Times-interest-earned
156.67
240.38
Interest expense, gross
46
32
Transcribed Image Text:2018 2017 Current assets 13,709 15,731 Current ratio 1.89 1.17 Current liabilities 7,244 13,486 Cash + Investments + A/R 8,253 9,040 Quick ratio 1.14 1.18 Current liabilities 7,244 7,687 Total liabilities 26,652 26,365 Liabilities to equity 2.71 2.27 Total equity 9,848 11,622 Earnings before interest and tax 7,207 7,692 Times-interest-earned 156.67 240.38 Interest expense, gross 46 32
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