Patio Furniture Inc. has asked you to determine whethe
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Patio Furniture Inc. has asked you to determine whether the company's ability to pay its current liabilities and long-
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Patio Furniture Inc. has asked you to determine whether the company's ability to pay its current liabilities and long-term debts improved or deteriorated during 2017. To answer this question, compute the following ratios for 2017 and 2016. a. Current ratio b. Quick (acid-test) ratio c. Debt ratio d. Times-interest-earned ratio Summarize the results of your analysis of the following financial statement data in a written report.
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