Question: question #4 and its data table...please help me with part E Houle Furniture Company has asked you to determine whether the company's ability to pay

question #4 and its data table...please help me with part E
question #4 and its data table...please help me with part E Houle
Furniture Company has asked you to determine whether the company's ability to

Houle 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. Current assets Current liabilities Net working capital 2018 442,000 197,000 245,000 2017 $ 468,000 312,000 = $ 156,000 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 2.24 2018 442,000 468,000 197,000 312,000 2017 1.50 c. Quick (acid-test) ratio. 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 equivalents, Ops = operations, and ST = short-term. Round the ratios to two decimal places, X.XX.) Cash ST investments Net receivables )/ Current liabilities Quick ratio 2018 (S 40,000 $ 32,000 )/ S 197.000 0.95 115,000 128,000 2017 (S 48,000 19,000 S )/S 312,000 0.63 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 Total assets Debt ratio 2018 344,000 0.59 580.000 490,000 2017 416,000 0.85 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 2018 2017 2 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 $ 40,000 $ 48,000 32,000 19,000 115,000 128,000 238,000 271,000 17,000 2,000 580,000 490,000 197,000 312,000 147,000 104,000 301,000 150,000 42,000 43,000

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