Bridgeport Inc. a fertilizer company based in Calgary, had the following information in its financial statements...

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Bridgeport Inc. a fertilizer company based in Calgary, had the following information in its financial statements for the fiscal years ended December 31. All figures are in millions of dollars. 2021 2020 2019 Cash and cash equivalents Accounts receivable $365 $1.612 $112 1.217 861 616 Current assets 5,232 3,663 1,515 Current liabilities 2,583 1,313 885 Calculate Bridgeport's (1) working capital, (2) current ratio, and (3) acid-test ratio for each year. (Round ratios to 2 decimal places, es 52.75) 2021 2020 Working Capital (1) 5232 millions %24 millions Current (2) :1 :1 Ratio Acid- (3) test :1 Ratio eTextbook and Media Determine from the results obtained in part (a) if Bridgeport's (1) Working capital improved or deteriorated from 2020 to 2021 Improved (2) Current ratio improved or deteriorated from 2020 to 2021 Improved eTextbook and Media Determine from the results obtained in part (a) if Bridgeport's (1) Working capital improved or deteriorated from 2020 to 2021 Improved (2) Current ratio improved or deteriorated from 2020 to 2021 Improved (3) Current ratio improved or deteriorated from 2019 to 2020 Improved (4) Acid test ratio improved or deteriorated from 2020 to 2021 Deteriorated v (5) Acid test ratio improved or deteriorated from 2019 to 2020 Deteriorated v eTextbook and Media Bridgeport Inc. a fertilizer company based in Calgary, had the following information in its financial statements for the fiscal years ended December 31. All figures are in millions of dollars. 2021 2020 2019 Cash and cash equivalents Accounts receivable $365 $1.612 $112 1.217 861 616 Current assets 5,232 3,663 1,515 Current liabilities 2,583 1,313 885 Calculate Bridgeport's (1) working capital, (2) current ratio, and (3) acid-test ratio for each year. (Round ratios to 2 decimal places, es 52.75) 2021 2020 Working Capital (1) 5232 millions %24 millions Current (2) :1 :1 Ratio Acid- (3) test :1 Ratio eTextbook and Media Determine from the results obtained in part (a) if Bridgeport's (1) Working capital improved or deteriorated from 2020 to 2021 Improved (2) Current ratio improved or deteriorated from 2020 to 2021 Improved eTextbook and Media Determine from the results obtained in part (a) if Bridgeport's (1) Working capital improved or deteriorated from 2020 to 2021 Improved (2) Current ratio improved or deteriorated from 2020 to 2021 Improved (3) Current ratio improved or deteriorated from 2019 to 2020 Improved (4) Acid test ratio improved or deteriorated from 2020 to 2021 Deteriorated v (5) Acid test ratio improved or deteriorated from 2019 to 2020 Deteriorated v eTextbook and Media

Answer rating: 100% (QA)

1 Working Capital Current assets current liabilities 2021 5232 2583 2649 millions 2020 3663 1313 2... View the full answer