Question: Working capital and current ratio Current assets and current liabilities for Brimstone Company follow: Line Item Description 20Y4 20Y3 Current assets $1,591,000 $1,076,250 Current liabilities
Working capital and current ratio Current assets and current liabilities for Brimstone Company follow: Line Item Description 20Y4 20Y3 Current assets $1,591,000 $1,076,250 Current liabilities 740,000 525,000 a. Determine the working capital and current ratio for 20Y4 and 20Y3. Round current ratio to 2 decimal places. Line Item Description 20Y4 20Y3 Working capital $fill in the blank 1 $fill in the blank 2 Current ratio fill in the blank 3 fill in the blank 4 b. Does the change in the current ratio from 20Y3 to 20Y4 indicate a favorable or an unfavorable change
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