Based on pages 776-785 in your textbook, calculate one ratio from each of the following groups (three ratios total) for 2018 for Smart Touch Learning:
Ability to Pay Current Liabilities
Ability to Pay Long-Term Debt
Profit Margin Ratio
Rate of Return on Total Assets
What do these results tell you? How will you use this information in planning and decision making?
Refer to these comparative financial statements to help you work through this discussion.
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