Question

The following data were taken from the balance sheet of Outdoor Suppliers Company:


a. Determine for each year
(1) The working capital,
(2) The current ratio, and
(3) The quick ratio. Round ratios to one decimal place.
b. What conclusions can be drawn from these data as to the company’s ability to meet its currently maturingdebts?


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  • CreatedJuly 17, 2012
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