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Carrison 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

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Carrison 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 for 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 Data Table -Net working capital 2018 2017 2018 $ 22,000 76,000 Cash 2017 Short-term investments 26,000 13,000 Requirement Inventory Prepaid expenses Total assets Total current liabilities 236,000 267,000 6,000 520,000 490,000 ....197,000 276,000 18,000 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. Income from operations 194,000 165,000 Interest expense 48,000 46,000 Print Done PrintDone er

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