Question: need to find the current ratio Evans Inc had current liabilities at April 30 of S63100. The firm's current ratio at that date was 18
Evans Inc had current liabilities at April 30 of S63100. The firm's current ratio at that date was 18 Required: a. Calculate the firm's current assets and working capital at April 30. b. Assume that management paid $14.000 of accounts payable on April 29. Calculate the current ratio and working capital at Apri 30 as if the April 29 payment had not been made (Round "Current ratio answer to 2 decimal places) c. Identify the changes, if any, to working capital and the current ratio that would be caused by the April 29 payment. S Answer is complete but not entirely correct. b Current assets Working capital Current ratio Working capital Working capital Current ratio S 113,580 5 50.480 3.11 S 50,480 not affected increased C
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