1. To answer this question, calculate the following ratios for 2018 and 2017. Round your answers to two decimal places.

a. Net working capital

b. Current ratio

c. Quick (acid-test) ratio

d. Debt ratio

e. Times-interest-earned ratio Summarize the results of your analysis.

2018 2017 $ 23,000 $ 53,000 Cash Short-term investments 35,000 24,000 Net receivables Inventory Prepaid expenses Total assets 117,000 135,000 243,000 274,000 14,000 3,000 590,000 490,000 Total current liabilities 229,000 312,000 Long-term debt. 75,000 104,000 Income from operations. 290,000 170,000 Interest expense. 59,000 43,000