Baker furniture company has asked you to determine whether the companies ability to pay its current liabilities and long-term debts improved or deteriorated during 2018

Baker Furnituro Company has asked you to determine whether the company's ability to pay its current abilities 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 for 2018 and 2017. Round your answers to two decimal places a. Not working capital Select the formula and then enter the amounts to calculate the working capital for 2018 and 2017 Not working capital 2018 2017 Requirement - 17 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 Quick (acid-test) ratio d. Debt ratio Times-interest-earned ratio Summarize the results of your analysis. C. e. Print Done - Data table 2018 2017 Cash.... $ 24,000 $ 52,000 Short-term investments ... 28,000 13,000 Net receivables 124,000 130,000 Inventory.. 238,000 267,000 17,000 3,000 Prepaid expenses Total assets. 520,000 500,000 . . . . 229,000 113,000 92,000 333,000 Total current liabilities. ... Long-term debt. . . . . Income from operations ... Interest expense. . 136,000 130,000 . . . . . . . 41,000 46,000