Chapter 17, Problem 17.6EX

a) 1.

To determine

Financial Ratios: Financial ratios are the metrics used to evaluate the capabilities, profitability, and overall performance of a company.

To compute: Working capital for current year and previous year.

Given info: Items of current asset and current liabilities

2.

To determine

To compute: Current ratio for current year and previous year.

3.

To determine

To compute: Quick ratio for current year and previous year.

b)

To determine

To provide: Conclusion towards company’s ability to meet the currently maturing debt.