Evensen Furniture Company has requested that you determine whether the companys ability to pay its current liabilities and long-term debts improved or deteriorated during 2012. To answer this question, compute the following ratios for 2012 and 2011. (Round your answers to two decimal places.) a. Working capital b. Current ratio c. Quick (acid-test) ratio d. Debt ratio e. Times-interest-earned ratio Summarize the results of your analysis in a written report. 2012 2011 Cash $ 40,000 $ 50,000 Short-term investments 31,000 6,000 Net receivables 121,000 129,000 Inventory 238,000 267,000 Prepaid expenses 15,000 5,000 Total assets 570,000 540,000 Total current liabilities 237,000 151,000 Long-term debt 87,000 255,000 Income from operations 250,000 199,000 Interest expense 40,000 40,000