Reference no: EM132898793
Bridgeport had total debt of $513,300 and $768,500 as at December 31, 2020, and December 31, 2019, respectively, of which $95,000 and $140,000 was current. In addition, the company had total assets of $885,000 and $725,000 as at December 31, 2020, and December 31, 2019, respectively, of which $120,000 and $140,000 was current.
Question 1: Evaluate the company's debt-paying ability in 2020 and 2019.
1. Debt-paying ability by calculating the debt to total assets ratio:
2. Debt-paying ability by calculating current ratio
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: Evaluate the company's debt-paying ability in 2020 and 2019. Bridgeport had total debt of $513,300 and $768,500 as at December 31, 2020
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