Evaluate the companys debt-paying ability

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Question - Blue Spruce had total debt of $500,500 and $776,250 as at December 31, 2020, and December 31, 2019, respectively, of which $75,000 and $165,000 was current. In addition, the company had total assets of $910,000 and $675,000 as at December 31, 2020, and December 31, 2019, respectively, of which $125,000 and $145,000 was current. Evaluate the company's debt-paying ability in 2020 and 2019.

Reference no: EM132986698

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