Indigo Books & Music Inc. reported the following selected information for the years ended April 2, 2016,

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Indigo Books & Music Inc. reported the following selected information for the years ended April 2, 2016, and March 2, 2015 (in thousands):

____________________________2016___________2015

Total current assets................$453,254............$421,955

Total current liabilities..............235,400..............223,239

(a) Calculate the working capital and current ratio for each year.

(b) Was Indigo's liquidity stronger or weaker in 2016 compared with 2015?

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119368458

7th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jun 15, 2017 08:56 AM

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Indigo Books & Music Inc. reported the following selected information for the years ended April 2, 2016,

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a in thousands 2016 2015 Working capital 453254 235400 217854 Working capital 421955 223239 198...View the full answer

Financial Accounting Tools for Business Decision Making

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