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Pare Fumiture Company has asked you to determine whether the company's ability to pay its current liabilities and long-term debts improved or deteriorated during
Pare Fumiture 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 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 2021 20201 Not working capital Data table Cash Short-term investments Net receivables Inventory Prepaid expenses Total assets 2020 2021 $ 22,000 $ 51,000 35,000 10,000 115,000 135,000 236,000 269,000 5,000 17,000 570,000 540,000 Total current abilities Long-term debt Income from operations Interest expense 227.000 302,000 77,000 124,000 196,000 155,000 54,000 46,000 Print Done
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