Requirement:Compute Baltimore's net working capital and current ratio at December 31, 2016, and again at January 31, 2017. Did the net working capital and current ratio improve or deteriorate during January 2017? Comment on the level of the company's net working capital and current ratio. Data TableDecemberi More InfoJanuary 201731, 2016• Sold services on account, $8,900Depreciation expense, $900• Paid for expenses, $7,000• Collected from customers on account, $7,700• Accrued expenses, $200• Paid an account, $1,600Used up prepaid expenses, $100Cash.$1,200Receivables.5,300Inventory....2,300Prepaid expenses.1,600Accounts payable ..2,500Unearned revenue2,000PrintDoneAccrued expenses payable2,100PrintDone Begin with the December 31, 2016 net working capital. First select the formula labels and then calculate the net working capital.Net working capital=Now complete the December 31, 2016 current ratio. First select the formula labels and then calculate the current ratio. (Round your answers for the ratios to two decimal plaCurrent ratioNow find the working capital and current ratio on January 31, 2017.The January 31, 2017 net working capital is $The January 31, 2017 current ratio isDid the net working capital and current ratio improve or deteriorate during January 2017? Comment on the level of the company's net working capital and current ratio.The net working capital and current ratioduring January 2017. The company's ability to pay current liabilities with current assets isChoose from any list or enter any number in the input fields and then continue to the next question.

Name: Requirement:Compute Baltimore's net working capital and current ratio
Uploaded: 2022-11-18T00:26:54.000Z
Channel: Bartleby
Description: Requirement:Compute Baltimore's net working capital and current ratio at December 31, 2016, and again at January 31, 2017. Did the net working capital and current ratio improve or deteriorate during January 2017? Comment on the level of the comp