Balance sheet data for Brimstone Company follows: a. Determine the working capital and current ratio for 2016

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Balance sheet data for Brimstone Company follows:

a. Determine the working capital and current ratio for 2016 and 2015.
b. Does the change in the current ratio from 2015 to 2016 indicate a favorable or an unfavorable trend?

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Financial and Managerial Accounting

ISBN: 978-1285866307

13th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Jun 16, 2016 01:34 AM

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Balance sheet data for Brimstone Company follows: a. Determine the working capital and current ratio for 2016

Question:

2016 2015 Current assets $1,586,250 $1,210,000 Current liabilities 705,000 550,000

Step by Step Answer:

a b The change from 2 20 to 225 indicates a ...View the full answer

Financial and Managerial Accounting

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