Question: Working capital and current ratio Current assets and current liabilities for Brimstone Company follow: 20Y4 20Y3 Current assets $1,586,250 $1,210,000 Current liabilities 705,000 550,000 a.

Working capital and current ratio Current assets and current liabilities for

Brimstone Company follow: 20Y4 20Y3 Current assets $1,586,250 $1,210,000 Current liabilities 705,000

Working capital and current ratio Current assets and current liabilities for Brimstone Company follow: 20Y4 20Y3 Current assets $1,586,250 $1,210,000 Current liabilities 705,000 550,000 a. Determine the working capital and current ratio for 20Y4 and 20Y3. Round Current ratio to 2 decimal places. 20Y4 20Y3 Working capital D 53$ S E Current ratio h. Does the change in the current ratio from 20Y3 to 20Y4 indicate a favorable or an unfavorable change? v

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