8. Using the following Balance Sheet summary information, for the two years presented calculate: A. working capital B. current ratio 12/31/2018 12/31/2019 Current assets $101,600 $97,350 32,800 Current liabilities 33,650

8. Using the following Balance Sheet summary information, for the two years presented calculate: A. working capital B. current ratio 12/31/2018 12/31/2019 Current assets $101,600 $97,350 32,800 Current liabilities 33,650

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

8. Using the following Balance Sheet summary information, for the two years presented
calculate:
A. working capital
B. current ratio
12/31/2018
12/31/2019
Current assets
$101,600
33,650
$97,350
32,800
Current liabilities

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