Question: Working Capital and Current Ratio Current assets and current liabilities for Konex Properties Company follow: Current assets 2019 2018 $2,042,400 $1,759,500 1,380,000 1,150,000 Current

Working Capital and Current Ratio Current assets and current liabilities for Konex

Working Capital and Current Ratio Current assets and current liabilities for Konex Properties Company follow: Current assets 2019 2018 $2,042,400 $1,759,500 1,380,000 1,150,000 Current liabilities a. Determine the working capital and current ratio for 2019 and 2018. If required, round "current ratio" answers to two decimal places. Working capital Current ratio 2019 2018 b. Is the change in the current ratio from 20Y8 to 20Y9 favorable or unfavorable?

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