Selected comparative financial statement data for Tri Town Inc. are shown below.

                         Tri town inc 

   Statement of financial position (partial) 

                   December 31 

                     (in thousands) 

                                                          2018            2017             2016 

Current assets 

Cash                                                $ 30              $ 91             $ 60 

Held for trading investments         55                 60                40 

Accounts receivable, net               679                591             495 

Inventory                                         630                 523             571 

Prepaid expenses                            41                    52               29 

Total current assets                   $ 1,435           $ 1,317       $ 1,195 

Total current liabilities                 $ 879               $ 819           $ 746 

 Calculate all possible liquidity ratios for 2018 and 2017.

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Additional information: (in thousands) 2018 2017 2016 Allowance for doubtful accounts 50 $ 45 40 Net credit sales 4,176 3,903 3,730 Cost of goods sold 2,917 2,636 2,350 Additional information: (in thousands) 2018 2017 2016 Allowance for doubtful accounts 50 $ 45 40 Net credit sales 4,176 3,903 3,730 Cost of goods sold 2,917 2,636 2,350

Answer rating: 100% (QA)

Calculation of Working Capital Working capital current assetscurrent liabilities 2018 Working capita... View the full answer