Current ratio-quick ratio-working capital

Reference no: EM13130206

As of December 31, 2010, Walton Corporation had a current ratio of 1.84, quick ratio of 1.45, and working capital of $18,000. The company uses a perpetual inventory system and sells merchandise for more than it cost. Indicate how the given transaction, if it occurred in January 2011, would affect Walton's current ratio, quick ratio, and working capital.

Reference no: EM13130206

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