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= Homework: End of Semester Project Question 4, E12-22A (similar to) Part 1 of 7 HW Score: 44.66%, 15.63 of 35 points Save Points:
= Homework: End of Semester Project Question 4, E12-22A (similar to) Part 1 of 7 HW Score: 44.66%, 15.63 of 35 points Save Points: 0 of 4 Gervais 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. Data table 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 Requirement Net working capital 2018 2017 Cash.. S 22,000 S 50,000 Short-term investments 30,000 27,000 117,000 130,000 241,000 271,000 8,000 Net receivables Inventory.. Prepaid expenses Total assets Total current liabilities Long-term debt Income from operations Interest expense 18,000 510,000 490,000 187,000 157,000 128,000 290,000 160,000 54,000 322,000 42,000 Etext pages Calculator 1. To answer this question, calculate the following ratios for 2018 and 2017. Round your answers to two decimal places. 8. Net working capital b. Current ratio C. Quick (acid-test) ratio d. Debt ratio B. Times-interest-earned ratio Summarize the results of your analysis. Print Done Print Done Clear all Check answer
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