Current assets: Cash $393,700 $307,200 Marketable securities 455,800 345,600 Accounts and notes receivable (net) 186,500 115,200...

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Current assets: Cash $393,700 $307,200 Marketable securities 455,800 345,600 Accounts and notes receivable (net) 186,500 115,200 Inventories 1,709,400 1,288,300 Prepaid expenses 880,600 823,700 Total current assets $3,626,000 $2,880,000 Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities $429,200 $448,000 310,800 192,000 $740,000 $640,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio 1. Working capital 2. Current ratio Current Year Previous Year $ Current assets: Cash $393,700 $307,200 Marketable securities 455,800 345,600 Accounts and notes receivable (net) 186,500 115,200 Inventories 1,709,400 1,288,300 Prepaid expenses 880,600 823,700 Total current assets $3,626,000 $2,880,000 Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities $429,200 $448,000 310,800 192,000 $740,000 $640,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio 1. Working capital 2. Current ratio Current Year Previous Year $

Answer rating: 100% (QA)

Working Capital and Current Ratio Analysis Based on the provided information we can calculate the wo... View the full answer