Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets. Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities. Current Year Current Year 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Albertini has in current assets relative to current liabilities. $620,500 718,500 294,000 749,800 386,200 $2,769,000 $411,800 298,200 $710,000 Previous Year $496,000 558,000 186,000 529,500 338,500 $2,108,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Previous Year $434,000 185,000 $620,000 from the preceding year to the current year. The working capital, current ratio, and quick ratio have all Most of these changes are the result of an
Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets. Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities. Current Year Current Year 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Albertini has in current assets relative to current liabilities. $620,500 718,500 294,000 749,800 386,200 $2,769,000 $411,800 298,200 $710,000 Previous Year $496,000 558,000 186,000 529,500 338,500 $2,108,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Previous Year $434,000 185,000 $620,000 from the preceding year to the current year. The working capital, current ratio, and quick ratio have all Most of these changes are the result of an
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 10CDQ
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