18. Islander Company's 2016 financial statements contain the following selected data:

Income Taxes     $25,000

Interest Expense $20,000

Net Income          $55,000

Help find Islanders's times interest earned for 2016. (Please show all work)

 

19. Cash is $475,000, Accounts Payable is $200,000, Accounts Receivable is $150,000, Wages Payable is $225,000, Bonds Payable is $700,000, Inventory is $750,000. Please help find the working capital?(Please show all work)

 

 

20. Cash is $475,000, Accounts Payable is $100,000, Accounts Receivable is $175,000, Wages Payable is $225,000, Bonds Payable is $217,000, Inventory is $650,000. Please help find the acid-test (quick) ratio? (Please show all work)