Question: Working Capital and Current Ratio Current assets and current liabilities for HQ Properties Company follow: 2019 2018 Current assets $764,400 $1,051,200 Current liabilities 637,000 584,000
Working Capital and Current Ratio Current assets and current liabilities for HQ Properties Company follow: 2019 2018 Current assets $764,400 $1,051,200 Current liabilities 637,000 584,000 a. Determine the working capital and current ratio for 2019 and 2018. If required, round"current ratio" answers to two decimal places. 2019 2018 Working capital $ Current ratio b. Does the change in the current ratio from 2018 to 2019 indicate a favorable or an unfavorable change
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