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Theta Tech SolutionsScenario: Financial Ratio AnalysisData:2023:Current Assets: $200,000Current Liabilities: $100,000Total Assets: $500,000Total Liabilities: $300,000Net Income: $50,0002022:Current...

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Accounting

Theta Tech Solutions

Scenario: Financial Ratio Analysis

Data:

  • 2023:
    • Current Assets: $200,000
    • Current Liabilities: $100,000
    • Total Assets: $500,000
    • Total Liabilities: $300,000
    • Net Income: $50,000
  • 2022:
    • Current Assets: $180,000
    • Current Liabilities: $90,000
    • Total Assets: $450,000
    • Total Liabilities: $270,000
    • Net Income: $45,000

Requirements:

  1. Calculate the current ratio for 2022 and 2023.
  2. Calculate the debt-to-equity ratio for 2022 and 2023.
  3. Analyze the liquidity and solvency of the company based on these ratios.

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