This problem uses the two years of financial statements data provided in Problem 6 for the Genatron Manufacturing Corporation.
a. Calculate and compare each current assets account as a percentage of total assets for that year.
b. Calculate and compare each current liabilities account as a percentage of total liabilities and equities for that year.
c. Calculate the current ratio and the acid-test ratio for each year. Describe the changes in liquidity, if any, that occurred between the two years.