Question: Current Position Analysis The following data were taken from the comparative balance sheet of Icon Living, Inc., for the years ended December 31, 2019 and

Current Position Analysis The following data were taken from the comparative balance sheet of Icon Living, Inc., for the years ended December 31, 2019 and December 31, 20Y8: Dec. 31, 20Y9 Dec. 31, 20Y8 Cash $347,700 $257,200 Temporary investments 371,000 281,700 Accounts and notes receivable (net) 341,300 307,100 Inventories 477,000 380,700 Prepaid expenses 318,000 89,300 Total current assets $1,855,000 $1,316,000 Accounts payable $307,400 $329,000 222,600 141,000 Accrued liabilities $530 000 $470,000 Total current liabilities a. Determine for each year (1) the voting madiha (?) the cargiant met of and (3) the quick ratio. Round ratios to one decimal place. 20Y9 20YS Working capital ( previous Next )
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