Question: Working capital and current ratio Current assets and current liabilities for Brimstone Company follow: 20Y4 20Y3 Current assets $1,529,500 $1,166,000 Current liabilities 665,000 530,000 a.

Working capital and current ratio

Current assets and current liabilities for Brimstone Company follow:

20Y4 20Y3
Current assets $1,529,500 $1,166,000
Current liabilities 665,000 530,000

a. Determine the working capital and current ratio for 20Y4 and 20Y3. Round Current ratio to 2 decimal places.

20Y4 20Y3
Working capital $ $
Current ratio

b. Does the change in the current ratio from 20Y3 to 20Y4 indicate a favorable or an unfavorable change?

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