on december 31, crane company had $1 million of current assents and $850000 of current liabilities. on the same day, pronghorn company had $330000 of current assets and $180000 of current liabilities. Calculate the working capital and current ratio for both companies.

on december 31, crane company had $1 million of current assents and $850000 of current liabilities. on the same day, pronghorn company had $330000 of current assets and $180000 of current liabilities. Calculate the working capital and current ratio for both companies.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter12: Financial Statements, Closing Entries, And Reversing Entries

Section: Chapter Questions

Problem 6E

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