Branson Furniture Company has requested that you determine whether the company€™s ability to pay its current liabilities and long-term debts improved or deteriorated during 2012. To answer this question, compute the following ratios for 2012 and 2011: (Round your answers to two decimal places.)
a. Working capital
b. Current ratio
c. Quick (acid-test) ratio
d. Debt ratio
e. Times-interest-earned ratio
Summarize the results of your analysis in a writtenreport.

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2012 2011 Cash S 50,000 49,000 Short-term investments.. 28,000 27,000 240,000 268,000 Inventory Prepaid expenses. Total assets Total current liabilities Long-term debt. Income from operations Interest expense. 510,000 540,000 97,000 174,000 01,000 150,000 41,000 42,000