rent liabilities and long-term debts improved or deteriorated during 2018 Data Table Cash.......... ................. Short-term investments ......... Net receivables .. Valico . . . . . . . . . . . . . . . Inventory.................... Prepaid expenses ....... Total assets 2018 2017 23,000 $ 76,000 32,000 10,000 115,000 131,000 238,000 269,000 23,000 5,000 530,000 500,000 229,000 151,000 92,000 299,000 220,000 203,000 38,000 44,000 Total current liabilities. .... Long-term debt... Income from operations ......... Interest expense. . . . . . . . . . ..... Print Done 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. - Current liabilities 2018 2017 $ $ Current assets 421,000 488,000 187,000 322.000 = = = Net working capital $ 234,000 $ 166,000 b. Current ratio. Select the formula and then enter the amounts to calculate the current ratio for 2018 and 2017. (Round the ratios to two decimal places, X.XX.) Current assets Current liabilities Current ratio 2.25 2018 2017 421,000 488,000 187,000 322,000 $ 1.52 Select the formula and then enter the amounts to calculate the quick (acid-test) ratio for 2018 and 2017. (Abbreviations used: Avg = average, Cash* = cash and cash equiva ratios to two decimal places, X.XX.) Cash* ST investments Net receivables Current liabilities + + = = Quick ratio 0.90 + + 2018 ( $ 2017 ( $ 24,000 61,000 + $ + $ 30,000 19,000 + $ + $ 115,000 130,000 / $ '/ $ 187,000 322,000 0.65 + + d. Debt ratio. Select the formula and then enter the amounts to calculate the debt ratio for 2018 and 2017. (Round the ratios to two decimal places, X.XX.) Total liabilities Debt ratio 0.58 321,000 A Total assets 550,000 490,000 2018 2017 446,000 0.91 s e. Times-interest-earned ratio. Select the formula and then enter the amounts to calculate the times-interest-earned ratio for 2018 and 2017. (Round the ratios to one decimal place, X.X.) Times-interest-earned ratio Income from operations , $ 301,000 i $ $ 170,000 ', $ 2018 2017 Interest expense 41,000 43,000 7.3 ILLI 4.0 Summarize the results of your analysis