Question: BE4.15 (LO 4) AP Selected financial information is available at July 31 for Drew Co. 2021 2020 Cash and accounts receivable $22,680 $20,430 Current assets

BE4.15 (LO 4) AP Selected financial information is available at July

BE4.15 (LO 4) AP Selected financial information is available at July 31 for Drew Co. 2021 2020 Cash and accounts receivable $22,680 $20,430 Current assets 35,100 33,510 Current liabilities 24,460 24,800 a. Calculate (1) working capital. (2) the current ratio, and (3) the acid-test ratio for 2020 and 2021. b. Indicate whether there was an improvement or deterioration in liquidity for Drew in 2021

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