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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.

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. 2018 2017 =Net working capital Data table Cash.. Short-term investments Net receivables Inventory... 2018 $ 35,000 $ 68,000 2017 35,000 4,000 117,000 136,000 237,000 271,000 Prepaid expenses 17,000 11,000 Total assets 510,000 520,000 Total current liabilities.. 197,000 252,000 Long-term debt.. 137,000 174,000 Income from operations. Interest expense.. 136,000 130,000 46,000 48,000

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