Question

Cytivia Software Inc. began the month of March with $286,000 of current assets, a current ratio of 2.2 to 1, and an acid-test ratio of 0.9 to 1. During the month, it completed the following transactions:


Required
Prepare a schedule showing the company’s current ratio, acid-test ratio, and working capital after each of the transactions. Round to two decimalplaces.


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  • CreatedJanuary 08, 2015
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