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Tolbert Furniture Company has asked you to determine whether the company's ability to pay its...

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Question

Accounting

Tolbert 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.
\table[[,-,=,Net working capital],[2021,-,=,],[2020,-,=,]]
Data table
Requirement
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
\table[[,2021,2020
image

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