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FINANCIAL ACCOUNTING

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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mоmmg uprаruma camештаuо
The following data (in thousands) were taken from recent financial statements of Star-
bucks Corporation:
Year 2
Year 1
$4,352,700
$4,168,700
Current assets
Current liabilities
3,653,500
3,038,700
a. Compute the working capital and the current ratio for Year 2 and Year 1. Round to
two decimal places.
b.
What conclusions concerning the company's ability to meet its financial ob-
ligations can you draw from part (a)?

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