Waterway Corporation began operations January 1 2017 Given the below information for Waterway Corporation calculate the following ratios and identify for each whether or not there has been a yearoveryear improvement or deterioration Waterway Corporation Balance Sheet 2018 2017 Cash 21000 15000 Accounts Receivable 32000 22000 Inventory 15000 11000 Total Current Assets 68000 48000 Property Plant Equipment 67000 67000 Total Assets 135000 115000 Accounts Payable 19000

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Income Statement For the year ended December 312017 Revenues Service Revenu... View the full answer