The following items in alphabetical order are available from the records
The following items, in alphabetical order, are available from the records of Quinn Corporation as of December 31, 2010 and 2009:


Required
1. Calculate the following as of December 31, 2010, and December 31, 2009:
a. Working capital
b. Current ratio
2. On the basis of your answers to (1), comment on the company’s relative liquidity at the beginning and end of the year. Explain the change in the company’s liquidity from the beginning to the end of2010.
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