Refer to the Salza Technology Corporation in Problem 1.
A. Using average balance sheet account data, calculate the
(a) Current ratio,
(b) Quick ratio,
(c) Total-debt-to-total-assets ratio, and
(d) The interest coverage ratio for 2010.
B. Repeat the ratio calculations requested in Part A separately for 2009 and 2010 using year-end balance sheet account data.
What changes, if any, have occurred in terms of liquidity and financial leverage?