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 2021. (Click the icon to view the financial statement data.) Read the requirement. Calculate the following ratios for 2021 and 2020. 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 2021 and 2020. 2021 2020 Net working capital Data table Requirement 1. To answer this question, calculate the following ratios for 2021 and 2020. 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 Cash Short-term investments Net receivables Inventory 2021 2020 $ 23,000 $ 76,000 34,000 19,000 118,000 136,000 243,000 272,000 Prepaid expenses 17,000 12,000 Total assots 590,000 520,000 Total current liabilities 237,000 252,000 Long-term debt 107,000 194,000 Income from operations 194,000 130,000 Print Done Interest expense 42,000 40,000 Summarize the results of your analysis. Print Done

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 2021. (Click the icon to view the financial statement data.) Read the requirement. Calculate the following ratios for 2021 and 2020. 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 2021 and 2020. 2021 2020 Net working capital Data table Requirement 1. To answer this question, calculate the following ratios for 2021 and 2020. 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 Cash Short-term investments Net receivables Inventory 2021 2020 $ 23,000 $ 76,000 34,000 19,000 118,000 136,000 243,000 272,000 Prepaid expenses 17,000 12,000 Total assots 590,000 520,000 Total current liabilities 237,000 252,000 Long-term debt 107,000 194,000 Income from operations 194,000 130,000 Print Done Interest expense 42,000 40,000 Summarize the results of your analysis. Print Done

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 5TP: The following historical information is from Assisi Community Markets. Calculate the working capital...

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Analyze the composition and evolution of the company's equity for 2021 and 2022. Calculate the Working Capital, the Working Capital Requirements, and the Net Liquid Assets for fiscal years 2022 and 2021, indicating the variation rates for each. Interpret the results obtained and explain the ratio that exists between the WC, WCR, and NLA.
I did this for hw I just wanted to see if my answers where correct and if not can show me what the right way to get the right answer? Thank you. This will help me study.
Question is complete please don’t reject. Please answer all parts a,b,c and d thx.
Your firm has the following balance sheet statement items: total current liabilities of $800,000; total assets of $2,650,000; fixed and other assets of $1,770,000; and long term debt of $200,000. What is the amount of the firm's net working capital? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a b с d $325,000 $770,000 $85,000 $80,000
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Only need help with part B
Calculate the Current Ratio, Debt Ratio, Return on Assets (ROA) and Return on Equity (ROE). For the ROA and ROE, you should use the average total assets and the average total equity in your calculations. (The average is the total across two years divided by two). Calculate these values for each of 2011-2014. Interpret your calculations: what does this information mean? How is the company doing?
Solar Solutions began operations on January 1, 2015, and is now in its sixth year of operations. It is a retail sales company with a large amount of online sales. The adjusted trial balance as of December 31, 2020 appears below, along with prior year balance sheet data and some additional transaction data for 2020. SOLAR SOLUTIONS Adjusted Trial Balance 12/31/2020 2020 2019 Account Title Adjusted Trial Balance Post-Closing Trial Balance Debit Credit Debit Credit Cash $ 122,200 55,000 125,600 Accounts Receivable 35,000 Prepaid Insurance 5,000 6,000 |Inventory Office Equipment Machinery & Tools Accumulated Depreciation Accounts Payable Salaries Payable Sales Tax Payable Note Payable-Long Term Common Stock, $10 par 46,000 15,600 63,000 47,000 59,000 21,000 21,000 16,000 11,200 16,800 2,600 2,700 2,000 4,000 31,000 22,100 240,000 160,000 Retained Earnings 28,600 28,600 Dividends 10,000 Sales Revenue Cost of Goods Sold Rent Expense Salaries Expense 235,000 127,600 20,000 36,000 Insurance…
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
Using the information from question 1, calculate the current ratio for 2018 and 2019 respectively: 12/31/2018 12/31/2019 Current Assets $101,600 $97,350 Current Liabilities ($33,650) ($32,800) Working Capital (CA-CL) $67,950 $64,550
please help me solve this equation
Also put in assets in order of liquidity and liabilities long term to short term. Thanks