Highland Enterprises current assets and current liabilities are detailed below: Calculate the working capital and the current
Question:
Calculate the working capital and the current ratio for 2014 and 2015. Note whether the 2015 working capital and current ratio have increased or decreased from the previous year.
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2015 2014 Current Assets $775,000 900,000 Current Liabilities 30,000
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2014 Working capital 900000 375000 525000 Current ratio 900000 375000 24 2015 Working capital 7...View the full answer
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Related Book For
Accounting
ISBN: 978-0176509743
Volume 1, 2nd canadian Edition
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
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