Vulture Sporting Goods reported the following data at March 31, 2010, with amounts adapted in thousands:Vulture Sporting Goods CompanyIncome StatementFor the Year Ended March 31, 2010 (Amounts in thousands)Net revenues…………………… $174,000Cost of goods sold……………. 136,800All other expenses……………. 26,000Net income……………………… $ 11,200Vulture Sporting Goods CompanyStatement of Retained EarningsFor the Year Ended March 31, 2010 (Amounts in thousands)Retained earnings, March 31, 2009…………… $ 2,000Add: Net income…………………………………….. 11,200Retained earnings, March 31, 2010…………… $13,2001. Compute Vultures current ratio. Round to two decimal places.2. Compute Vultures debt ratio. Round to two decimal places.Do these ratio values look strong, weak, ormiddle-of-the-road?
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Vulture Sporting Goods reported the following data at March 31



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