Evaluate the company debt-paying ability

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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

Reference no: EM132898793

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