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Pare 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

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Pare 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 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. Net working capital 2018 2017 Data table 2018 2017 Cash --- $ 35,000 $ 51,000 Short-term investments 32,000 23,000 Net receivables. ... 120,000 136,000 --- 242,000 270,000 Inventory Prepaid expenses 17,000 6,000 Total assets 520,000 530,000 ... 177,000 252,000 107,000 184,000 . Total current liabilities Long-term debt. Income from operations. Interest expense... 290,000 199,000 39,000 45,000 Requirement a. 1. To answer this question, calculate the following ratios for 2018 and 2017. Round your answers to two decimal places. Net working capital b. Current ratio Quick (acid-test) ratio d. Debt ratio Times-interest-earned ratio Summarize the results of your analysis. C. e

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