Question: LA Furniture Company has requested that you determine whether the

LA 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 2014. To answer this question, compute the following ratios for 2014 and 2013:
a. Working capital
b. Current ratio
c. Quick (acid-test) ratio
d. Debt ratio
e. Times-interest-earned ratio
Use Exhibit 13-8 as a model. Round your answers to two decimal places. Summarize the results of your analysis in a shortparagraph.

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  • CreatedJuly 25, 2014
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