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Data table Dorman Furniture Company has asked you to determine whether the company's ability to pay its current liabilities and long-term debts improved or deteriorated
Data table Dorman 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 2021. (Click the icon to view the financial statement data.) Read the requirement. Calculate the following ratios for 2021 and 2020. Round your answers to two decimal places. a. Net working capital b. Current ratio. (Round the ratios to two decimal places, X.XX.) c. Quick (acid-test) ratio. (Round the ratios to two decimal places, X.XX.) d. Debt ratio. (Round the ratios to two decimal places, X.XX.) Dorman 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 2021. 'Click the icon to view the financial statement data.) Read the requirement. d. Debt ratio. (Round the ratios to two decimal places, X.XX.) e. Times-interest-earned ratio. (Round the ratios to two decimal places, X.XX.) Summarize the results of your analysis. The company's ability to pay its current liabilities based on the comparison of ratios from 2021 and 2020. The ability to cover interest expense has as evidenced by the of the ratios
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