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B H D E F G Classify each item as a CA (Current Asset), FA (Fixed Asset), CL (Current Liability), LTL (Long-term Liability) 1 Problem 1 2 3 Accounts payable and accrued liabilities 4 Accounts Receivable 5 Accumulated Amortization 6 Cash 7 Equipment 8 Inventories 9 CL CA CL CA FA CA Long-term debt LTL Long-term debt due within one yeCL Prepaid Insurance | Short-term bank loans CL Short-term investments CA HST Recoverable CL 10 11 12 13 Problem 2 14 15 Sleeman Breweries Ltd. Is the largest craft brewer in Canada and the country's leading maker of premium beers. 16 The 2020 balance sheet of Sleeman Breweries showed current assets of $34,132,000 and current liabilities of 17 $31,462,000. The 2021 balance report sheet reported current assets of $23,573,000 and current liabilities of $24,774,000. 18 19 a) Calculate the working capital and current ratio for each year. 20 21 Working Capital: 2020 2021 Current Ratio: 2020 2021 22 ###### -1,201,000 1.0848643 0.9515218 23 24 25 b) What do each of the measures calculated tell us about Sleeman's Breweries Ltd liquidity? 26 It shows that their lequidity is rapidly decreasing! 27 B H D E F G Classify each item as a CA (Current Asset), FA (Fixed Asset), CL (Current Liability), LTL (Long-term Liability) 1 Problem 1 2 3 Accounts payable and accrued liabilities 4 Accounts Receivable 5 Accumulated Amortization 6 Cash 7 Equipment 8 Inventories 9 CL CA CL CA FA CA Long-term debt LTL Long-term debt due within one yeCL Prepaid Insurance | Short-term bank loans CL Short-term investments CA HST Recoverable CL 10 11 12 13 Problem 2 14 15 Sleeman Breweries Ltd. Is the largest craft brewer in Canada and the country's leading maker of premium beers. 16 The 2020 balance sheet of Sleeman Breweries showed current assets of $34,132,000 and current liabilities of 17 $31,462,000. The 2021 balance report sheet reported current assets of $23,573,000 and current liabilities of $24,774,000. 18 19 a) Calculate the working capital and current ratio for each year. 20 21 Working Capital: 2020 2021 Current Ratio: 2020 2021 22 ###### -1,201,000 1.0848643 0.9515218 23 24 25 b) What do each of the measures calculated tell us about Sleeman's Breweries Ltd liquidity? 26 It shows that their lequidity is rapidly decreasing! 27