Evensen 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 - X Data Table Calculate the following ratios for 2018 and 2017. Round your answers to two decimal places. a. Net working capital 2018 2017 Net working capital Cash $ 35,000 $ 48,000 2018 Short-term investments 27,000 4,000 2017 Net receivables 115,000 131,000 b. Current ratio. (Round the ratios to two decimal places, X.XX.) 242,000 270,000 Inventory Prepaid expenses 18,000 7,000 Current ratio Total assets 530,000 531,000 2018 Total current liabilities 187,000 302,000 2017 137,000 74,000 c. Quick (acid-test) ratio. (Round the ratios to two decimal places, X.XX.) Long-term debt. Income from operations 220,000 170,000 Quick ratio Interest expense. 45,000 43.000 2018 2017 d. Debt ratio. (Round the ratios to two decimal places, X.XX.) Print Done Debt ratio Enter any number in the edit fields and then continue to the next question. c. Quick (acid-test) ratio. (Round the ratios to two decimal places, X.XX.) Quick ratio 2018 2017 d. Debt ratio. (Round the ratios to two decimal places, X.XX.) Debt ratio 2018 2017 e. Times-interest-earned ratio. (Round the ratios to one decimal place, X.X.) Times-interest-earned ratio 2018 2017 Summarize the results of your analysis. The company's ability to pay its current liabilities based on the comparison of ratios from 2018 and 2017. The ability to cover interest expense has the of the V ratios. Enter any number in the edit fields and then co deteriorated stion. Calculator improved The company's ability to pay its current liabilities based on the comparison of ratios from 2018 and 2017. The ability to cover interest expense has vas evidenced by the IOS. Enter any number in the edit fields and then continue to the next question. debt and times-interest-earned Calculator working capital, current and quick (acid-test) 2017 deteriorated Summarize the results of your analysis. The company's ability to pay its current lia improved ased on the comparison of ratios from 2018 and 2017. The ability to cover interest expense has as evidenced by the of the ratios. Times-interest-earned ratio 2018 2017 deterioration Summarize the results of your analysis The company's ability to pay its current liabilities based on the improvement V ratios from 2018 and 2017. The ability to cover interest expense has v as evidenced by the of the ratios. Times-interest-earned ratio 2018 2017 debt and times-interest-earned Summarize the results of your analysis. The company's ability to pay its current liabilities v based on the comparison of working capital, current and quick (acid-test) and 2017 The ability to cover interest expense has as evidenced by the of the V ratios
