Indigo Books & Music Inc. reported the following selected information for the years ended March 31, 2012,
Question:
Indigo Books & Music Inc. reported the following selected information for the years ended March 31, 2012, and April 2, 2011 (in thousands):
____________________________________2012....................................2011
Total current assets..........................$453,629......................$336,980
Total current liabilities........................229,503........................235,365
(a) Calculate the working capital and current ratio for each year.
(b) Was Indigo's liquidity stronger or weaker in 2012 compared with 2011?
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a in thousands 2012 2011 Working capital Working capital 453629 229503 ...View the full answer
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Related Book For 
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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