The following balances were reported in the financial statement for Ruby Company. 2 0 1 3 2

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The following balances were reported in the financial statement for Ruby Company.

20132012

Net Sales

1, 500, 0001, 700, 000

Net Income

160, 000195, 000

Current Assets

400, 00052 6, 000

Current Liabilities

1 50, 000200, 000

Total Liabilities

500, 000675, 000

Total Assets

1, 500, 0002, 400, 000

Comment on changes to Ruby Companys liquidity and solvency.

Posted Date: May 17, 2024 07:02 AM

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The following balances were reported in the financial statement for Ruby Company. 2 0 1 3 2

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