Indigo Books & Music Inc. reported the following selected information for the years ended April 3, 2010,
Question:
Indigo Books & Music Inc. reported the following selected information for the years ended April 3, 2010, and March 28, 2009 (in thousands):
(a) Calculate the working capital and current ratio for each year.
(b) Was Indigo's liquidity stronger or weaker in 2010 compared with 2009?
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118024492
5th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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