Question: At the end of its most recent fiscal period the

At the end of its most recent fiscal period, the large appliance rental company mentioned in Practice Problem 19 had a working capital ratio of 4.3 percent and a current ratio of 18.2 percent. Calculate these ratios for Finns’ Fridges at the end of year 1 and year 2. Is the company more or less liquid than its competitor?
Finns’ Fridges is a company created by twin brothers David and Douglas Finn, who rented small refrigerators to other students in their college dormitory. Use the following statements to answer the questions about Finns’Fridges.

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  • CreatedFebruary 25, 2015
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