Question: View Policies Current Attempt in Progress Teal Mountain Inc., a fertilizer company based in Saskatchewan, had the following information in its financial statements for the

company based in Saskatchewan, had the following information in its financial statements

View Policies Current Attempt in Progress Teal Mountain Inc., a fertilizer company based in Saskatchewan, had the following information in its financial statements for the fiscal years ended December 31. All figures are in millions of Canadian dollars. 2021 2020 2019 Cash and cash equivalents $360 $ 1.590 $ 110 Accounts receivable 1.220 950 520 Current assets 5,310 3,800 1,430 Current liabilities 3,050 1,465 860 Calculate Teal Mountain's (1) working capital, (2) current ratio, and (3) acid-test ratio for each year. (Enter working capital amounts in millions. Round ratio answers to 2 decimal places, e.g. 1.75:1.) 2021 2020 2019 Working Capital $ Current Ratio Acid-test 2021 2020 2019 Working Capital $ $ Current Ratio Acid-test Ratio : Determine from the results obtained in part (a) if Teal Mountain's: (1) Working capital from 2020 to 2021 (2) Current ratio from 2020 to 2021. (3) Current ratio from 2019 to 2020. (4) Acid-test ratio from 2020 to 2021. (5) Acid-test ratio from 2019 to 2020

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