Baker 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. (Click the icon to view the financial statement data.) Read the requirement. ... Calculate the following ratios 2018 and 2017. Round your answers to two decimal places. a. Net working capital Select the formula and then enter the amounts to calculate the working capital for 2018 and 2017 = Net working capital 2018 2017 b. Current ratio, Select the formula and then enter the amounts to calculate the current ratio for 2018 and 2017. (Round the ratios to two decimal places, X.XX.) = Current ratio 2018 2017 c. Quick (acid-test) ratio, Select the formula and then enter the amounts to calculate the quick (acid-test) ratio for 2018 and 2017. (Abbreviations used: Avg = average, Cash = cash and cash equivalents. Ops = operations, and ST = short-term. Round the ratios to two decimal places, X.XX.) Quick ratio 17 )/ = 2018 ( 2017 ( + + ) Baker 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. B (Click the icon to view the financial statement data.) Read the requirement. decimal places, X.XX.) + + Quick ratio 11 )/ ( + 2018 2017 ( d. Debt ratio. Select the formula and then enter the amounts to calculate the debt ratio for 2018 and 2017. (Round the ratios to two decimal places, X.XX.) = Debt ratio = 2018 2017 e. Times-interest-earned ratio. Select the formula and then enter the amounts to calculate the times-interest-earned ratio for 2018 and 2017. (Round the ratios to one decimal place, X.X.) Times-interest-eamed ratio 2018 ! 2017 / Summarize the results of your analysis. The company's ability to pay its current liabilities based on the comparison of ratios from 2018 and 2017. The ability to cover interest expense has as evidenced by the of the ratios. Baker 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. (Click the icon to view the financial statement data.) Read the requirement. - X Data Table 2018 2017 Average inventory b. Current ratio. Average net receivables Select the formula and then enter the amc Cash Cash $ S 2018 and 2017. (Round the ratios to two decimal places Short-term investments irrent ratio 2018 2017 45,000 $ 47,000 32,000 4,000 119,000 135,000 242,000 273,000 16.000 6,000 Current assets Nel receivables 2018 2017 1 Current liabilities Income from operations c. Quick (acid-test) ratio. Select the formula and then enter the amo decimal places, X.XX.) Inventory Prepaid expenses Total assets... Total current liabilities Long-term debt... Income from operations. ratio for 2018 and 2017. (Abbreviations used: Avg = ave he ratios to two Interest expense 500,000 531,000 197,000 312,000 147,000 104,000 136.000 160,000 37,000 45,000 = Quick ratio Inventory 2018 ) 4 Interest expense. - 2017 ( Net receivables Short-term investments d. Debt ratio. Select the formula and then enter the amo 8 and 2017. (Round the ratios to two decimal places, X Total assets Print Done Debt ratio 2018 Total liabilities 2017 Summarize the results of your analysis. The company's ability to pay its current liabilities based on the comparison of ratios from 2018 and 2017. The ability to cover interest expense has the of the ratios. deteriorated Choose from any list or enter any number in th I continue to the next question. improved Next e. Times-interest-earned ratio. Select the formula and then enter the amounts to calculate the times-interest-earned ratio for 2018 and 2017. (Round the ratios to one decimal place, X.X.) Times-interest-earned ratio 2018 ILL 2017 deteriorated Summarize the results of your analysis. The company's ability to pay its current lia improved ased on the comparison of ratios from 2018 and 2017. The ability to cover interest expense has as evidenced by the of the ratios. Summarize the results of your analysis. The company's ability to pay its current liabilities based on the comparison of ratios from 2018 and 2017. The ability to cover interest expense has as evidenced by the ios. Choose from any list or enter any number in the input fields and then continue to the n debt and times-interest-earned working capital, current and quick (acid-test) e. Times-interest-earned ratio. Select the formula and then enter the amounts to calculate the times-interest-earned ratio for 2018 and 2017. (Round the ratios to one decimal place, X.X.) = Times-interest-earned ratio 2018 = 2017 Summarize the results of your analysis. improvement The company's ability to pay its current liabilities based on the deterioration ratios from 2018 and 2017. The ability to cover interest expense has as evidenced by the of the ratios. Choose from any list or enter any number in the input fields and then continue to the next question. e. Times-interest-earned ratio. Select the formula and then enter the amounts to calculate the times-interest-earned ratio for 2018 and 2017. (Round the ratios to one decimal place, X.X.) - Times-interest-earned ratio 2018 = 2017 II Summarize the results of your analysis. debt and times-interest-earned The company's ability to pay its current liabilities based on the comparison of working capital, current and quick (acid-test) and 2017. The ability to cover interest expense has as evidenced by the of the ratios
