A Furniture Company has asked you to determine whether the?company's ability to pay its current liabilities and?long-term debts improved or deteriorated during 2018

Financial Statement: See attached image below for statement info

Calculate the following ratios for 2018 and 2017. Round your answers to two decimal places.

a. Net working capital

-enter the amounts to calculate the working capital for 2018

-Fill in the chart below

Current Assets. Current Liabilites = Net working capital

2018 =

2017 =

2017

Cash Short-term investments ........ Net receivables ............... Inventory .................. Prepaid expenses ............. Total assets .................. Total current liabilities ......... Long-term debt ................ Income from operations ......... Interest expense ............... 2018 ..................... $ 30,000$ 74,000 32,000 115,000 238,000 18,000 520,000 207,000 77,000 192,000 46,000 2017 24,000 128,000 272,000 12,000 540,000 147,000 279,000 165,000 40,000