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Evensen 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 L
u Requirement 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 nmarize the results of your analysis. Print Done I X
Data table Cash Short-term investments Net receivables Inventory Prepaid expenses Total assets Total current liabilities Long-term debt Income from operations Interest expense 2018 2017 45,000 $ 52,000 32,000 8,000 121,000 134,000 242,000 272,000 18,000 2,000 520,000 480,000 197,000 151,000 129,000 295,000 192,000 160,000 45,000 49,000 X