Using the following Balance Sheet summary information, calculate for the two years presented: A. Working capital B.
Question:
Using the following Balance Sheet summary information, calculate for the two years presented:
A. Working capital
B. Current ratio
Transcribed Image Text:
Current assets Current liabilities 12/31/2018 $366,500 120,000 12/31/2019 $132,000 141,500
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A Working capital is calculated by subtracting curren...View the full answer
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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