3. Calculate the current ratio for the most recent twoyears using the attached Balance Sheet. What dothese ratios you about SmileDirectClub? Interpret yourfindings.4. Calculate the quick ratio for the most recent two yearsusing the attached Balance Sheet. What do theseratios you about SmileDirectClub? Interpret yourfindings.5. Calculate the debt-to-assets ratio for the most recenttwo years using the attached Balance Sheet. What dothese ratios you about SmileDirectClub? Interpret yourfindings. ASSETSCashAccounts receivable, netInventoriesPrepaid and other current assetsTotal current assetsRestricted cashAccounts receivable, net, non-currentProperty, plant and equipment, netOperating lease right-of-use assetsOther assetsTotal assetsLIABILITIES AND EQUITY (DEFICIT)Accounts payableAccrued liabilitiesDeferred revenueCurrent portion of long-term debtOther current liabilitiesTotal current liabilities.Long-term debt, net of current portionOperating lease liabilities, net of current portionOther long-term liabilities.Total liabilitiesEquity (Deficit)Class A common stock, par value $0.0001 and 124,785,562 shares issued and outstanding at December 31, 2022 and 119,280,781shares issued and outstanding at December 31, 2021Class B common stock, par value $0.0001 and 268,823,501 shares issued and outstanding at December 31, 2022 and 269,243,501shares issued and outstanding at December 31, 2021Additional paid-in-capitalAccumulated other comprehensive incomeAccumulated deficitNoncontrolling interestSmileDirect Club, Inc.Consolidated Balance Sheets(in thousands, except share and per share amounts)Warrants.Total equity (deficit)Total liabilities and equity (deficit)$F-7$$$December 31,The accompanying notes are an integral part of these consolidated financial statements.202293,120 S143,08244,38716,830297,41925,27845,168190,08721,14117,970597,063 S30,513 S65,93713,6466,704116,800849,37916,082982,2611227475,034430(381,725)(496,596)17,620(385,198)597,063 SDecember 31,2021224,860184,55840,80317,519467,74059,210227,20124,92715,480794,55819,922122,06620,25810,9974,997178,240729,97320,352347928,9121227448,867293(295,321)(305,852)17,620(134,354)794,558

Current Ratio - The current ratio of a company determines whether the company has enough liquidity…

te the atio for the most two years using the attached Balance Sheet. What do these ratios you about SmileDirectClub? Interpret your findings. 4. Calculate the quick ratio for the most recent two years using the attached Balance Sheet. What do these ratios you about SmileDirectClub? Interpret your findings. 5. Calculate the debt-to-assets ratio for the most recent two years using the attached Balance Sheet. What do these ratios you about SmileDirectClub? Interpret your findings. 3.

te the atio for the most two years using the attached Balance Sheet. What do these ratios you about SmileDirectClub? Interpret your findings. 4. Calculate the quick ratio for the most recent two years using the attached Balance Sheet. What do these ratios you about SmileDirectClub? Interpret your findings. 5. Calculate the debt-to-assets ratio for the most recent two years using the attached Balance Sheet. What do these ratios you about SmileDirectClub? Interpret your findings. 3.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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