Question: Working capital and current ratio Current assets and current liabilities for Brimstone Company follow: 20Y4 20Y3 Current assets $1,667,500 $1,181,250 Current liabilities. 725,000 525,000

Working capital and current ratio Current assets and current liabilities for Brimstone

Working capital and current ratio Current assets and current liabilities for Brimstone Company follow: 20Y4 20Y3 Current assets $1,667,500 $1,181,250 Current liabilities. 725,000 525,000 a. Determine the working capital and current ratio for 20Y4 and 20Y3. Round Current ratio to 2 decimal places. Working capital 20Y4 20Y3 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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