please do 3.1

I need it as soon as possible

3.1 Evaluate the results of your computations in regard to the short-term liquidity for the firm. Formula 2010 2011 41678-20722 =20956 44988-279703D17018 Working capital Net working capital=current assets-current liabilities 41678 44988 Current Assets Current ratio = 1.6 Current Ratio = 2.01 Current Liabilities 27970 20722 44988 776 41678-1051 Acid-Test Ratio ==1.96 = 1.58 Current Assets- laventory 20722 Acid-Test (or Quick) Ratio 27970 Current Liabilities Account Receivable Annual credit sales 65225 108249 11.83 20.16 Accounts Receivable 5510 5369 Turnover cost of goods sold Inventory 39541 64431 Inventory Turnover = 37.62 = 84.02 776 1051 27392 39756 Debit ratio= Debt ratio 0.3643 0.3416 116371 75183 total liabilities = 36.43% total assets 34.16% Times interest earned Times interest earned 18540 33790 =81.42 = 119.61 415 EBIT 155 intrest expense