Indigo Books & Music Inc. reported the following selected information for the years ended April 3, 2010,

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Indigo Books & Music Inc. reported the following selected information for the years ended April 3, 2010, and March 28, 2009 (in thousands):

(a) Calculate the working capital and current ratio for each year.
(b) Was Indigo's liquidity stronger or weaker in 2010 compared with 2009?

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118024492

5th Canadian edition

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

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Question Posted: Jul 18, 2017 01:37 AM

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Indigo Books & Music Inc. reported the following selected information for the years ended April 3, 2010,

Question:

Total current assets Total current liabilities 2010 $351,044 244,665 2009 $335,125 248,043

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a in thousands 2010 2009 Working capital Working ca...View the full answer

Financial Accounting Tools for Business Decision Making

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