Question: Current assets and current liabilities for companies R and T are summarized as follows. Required Evaluate the relative solvency of companies R andT. Current assets

Current assets and current liabilities for companies R and T are summarized as follows.

Current assets and current liabilities for companies R and T

Required
Evaluate the relative solvency of companies R andT.

Current assets Current liabilities Working capital Company R $400,000 200,000 $200,000 Company T $800,000 400,000 $400,000

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