The Adjusted Trial Balance of Debit Company Is Shown Below

question 13

Essay

The adjusted trial balance of Debit Company is shown below:
REQUIRED:
A) Compute the company's current ratio and debt ratio at the end of the year.
B) Assume the current ratio and debt ratio from the previous year was 2.50 and .40 respectively. Did the ratios improve or deteriorate from last year?

• A) Compute the company's current ratio and debt ratio at the end of the year.
• B) Assume the current ratio and debt ratio from the previous year was 2.50 and .40 respectively. Did the ratios improve or deteriorate from last year?

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