On December 31, 2024, Wildhorse Company had $1 million of current assets and $890,000 of current...

 

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On December 31, 2024, Wildhorse Company had $1 million of current assets and $890,000 of current liabilities. On the same day, Novak Company had $607,500 of current assets and $497,500 of current liabilities. Calculate the working capital and current ratio for both companies. (Round current ratio answers to 2 decimal places, e.g. 1.76:1.) Working Capital $ Current Ratio Wildhorse Which liquidity measure is more relevant? Current ratio :1 liquidity measure is more relevant. A Novak :1 On December 31, 2024, Wildhorse Company had $1 million of current assets and $890,000 of current liabilities. On the same day, Novak Company had $607,500 of current assets and $497,500 of current liabilities. Calculate the working capital and current ratio for both companies. (Round current ratio answers to 2 decimal places, e.g. 1.76:1.) Working Capital $ Current Ratio Wildhorse Which liquidity measure is more relevant? Current ratio :1 liquidity measure is more relevant. A Novak :1

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