At the end of Year 1, Swanson Corporation has $650,000 in current assets and $500,000 in current liabilities. During Year 2, the company realizes a $100,000 increase in each amount, such that at the end of Year 2, the company has $750,000 in current assets and $600,000 in current lliabilities.

 Calculate the current ratio for Year 1 and for Year 2.

Answer rating: 100% (QA)

The current ratio is a financial metric that measures a companys ability to pay its ... View the full answer