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E12-33B (book/static) A Question Help Evansville Furniture Company has asked you to determine whether the company's ability to pay its current liabilities and long-term debts
E12-33B (book/static) A Question Help Evansville 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. Data Table 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 Cash 35,000 $ 47,000 2018 Short-term investments 32,000 4,000 2017 Net receivables 115,000 128,000 240,000 270,000 21,000 12,000 Requirement 510,000 500,000 Inventory Prepaid expenses Total assets Total current liabilities Long-term debt. Income from operations Interest expense. 187,000 252,000 157,000 48,000 196,000 155,000 59,000 46,000 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. Print Done Print Done Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check
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