Metlock Inc., a fertilizer company based in Saskatchewan, had the following information in its financial statements for the fiscal years ended December 31. All figures are in millions of Canadian dollars Cash and cash equivalents Accounts receivable Current assets Current liabilities Working Capital $ Current Ratio 2021 $400 Acid-test Ratio 1,240 5,230 2,980 2020 $1,480 $120 600 3,650 1,610 1.335 1,010 Calculate Metlock's (1) working capital, (2) current ratio, and (3) acid-test ratio for each year. (Enter working capital amounts in millions. Round ratio answers to 2 decimal places, e.g. 1.75:1.) 2019 940 2021 :1 :1 $ 2020 :1 :1 2019 :1 :1

Metlock Inc., a fertilizer company based in Saskatchewan, had the following information in its financial statements for the fiscal years ended December 31. All figures are in millions of Canadian dollars Cash and cash equivalents Accounts receivable Current assets Current liabilities Working Capital $ Current Ratio 2021 $400 Acid-test Ratio 1,240 5,230 2,980 2020 $1,480 $120 600 3,650 1,610 1.335 1,010 Calculate Metlock's (1) working capital, (2) current ratio, and (3) acid-test ratio for each year. (Enter working capital amounts in millions. Round ratio answers to 2 decimal places, e.g. 1.75:1.) 2019 940 2021 :1 :1 $ 2020 :1 :1 2019 :1 :1

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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Am. 359.
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