Based on pages 776-785 in your textbook, calculate one ratio from each of the following groups (three ratios total) for 2015 for Smart Touch Learning:
- Ability to Pay Current Liabilities
- Current Ratio
- Cash Ratio
- Ability to Pay Long-Term Debt
- Debt Ratio
- Debt-to-Equity Ratio
- Profit Margin Ratio
- Rate of Return on Total Assets
What do these results tell you? How will you use this information in planning and decision making?
Refer to these comparative financial statements to help you work through this discussion.