Branson Furniture Company has requested that you determine whether the companys ability to pay its current liabilities

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Branson Furniture Company has requested that you determine whether the company€™s ability to pay its current liabilities and long-term debts improved or deteriorated during 2012. To answer this question, compute the following ratios for 2012 and 2011: (Round your answers to two decimal places.)
a. Working capital
b. Current ratio
c. Quick (acid-test) ratio
d. Debt ratio
e. Times-interest-earned ratio
Summarize the results of your analysis in a writtenreport.
Branson Furniture Company has requested that you determine wheth
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Financial accounting

ISBN: 978-0132751124

9th edition

Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom

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