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K Houle Furniture Company has asked you to determine whether the company's ability to pay its current liabilities and long-term debts improved or deteriorated
K Houle 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 Data table Calculate the following ratios for 2021 and 2020. 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 2021 and 2020. Cash 2021 2020 Net working capital Short-term investments Net receivables Inventory Prepaid expenses Total assets Total current liabilities) Long-term debt Income from operations Interest expense 2021 2020 $ 22,000 $ 47,000 32,000 15,000 116,000 127,000 242,000 270,000 21,000 10,000 540,000 531,000 237,000 322.000 84,000 128,000 196,000 130,000 39,000 49,000 Print Done
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