Big Rock Brewery Inc. creates and sells premium natural unpasteurized beer. The following information (all amounts in thousands) can be found on its recent balance sheets (or statements of financial position, as Big Rock calls them):

Instructions
(a) Calculate Big Rock's current assets and current liabilities for each year.
(b) Calculate Big Rock's working capital, current ratio, and acid-test ratio for each year.
(c) What does each of the measures calculated in (b) show? Comment on Big Rock's liquidity.
Taking It Further
At a specific point in time, a company will always have a larger current ratio than its acid-test ratio. Why? Would you expect this difference to be larger in a company like Big Rock Brewery than in a company like WestJet Airlines? Why or why not?

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December 30, 2011 December 31, 2010 January 1, 2010 Property, plant and equipment Intangible assets Inventories Accounts receivable Prepaid expense Cash Accounts payable and accrued liabilities Dividends payable Current portion of long-te Long-term liabilities and shareholders equity S36,874 207 4,429 2,788 217 655 3,663 1,212 700 39,595 $38,595 286 3,951 1,789 397 769 3,016 606 700 41,465 $40,889 344 3,333 3,617 305 728 4,725 rm debt 44,491