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Part 1 of 7 Points: 0 of Corrison Furniture Company has asked you to determine whether the company's ability to pay its current tabilities and

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Part 1 of 7 Points: 0 of Corrison Furniture Company has asked you to determine whether the company's ability to pay its current tabilities and long-term debts improved or deteriorated during 2018 Click the icon to view the financial statement data) Read the reducement Calculato 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 Not working capital 2018 2017 Data table 2018 2017 $ 30,000 $ 79,000 30.000 13,000 116,000 135,000 241,000 274,000 16,000 10,000 Cash Short-term investments Net receivables Inventory Prepaid expenses Total assets Total current liabilities. Long-term debt Income from operations Interest expense 590,000 540,000 197,000 272,000 129,000 1178,000 191.000 160,000 44.000 40,000 1. To answer this question, calculate the following ratios for 2018 and 2017 Round your answers to two decimal places. a. Net working capital b. Current ratio C! Quick (acid-test) ratio d Debt ratio e. Times-interest-earned ratio Summarize the results of your analysis

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