Determine the current ratio for 2013 and 2014

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Reference no: EM132950434

Question: Current assets and current liabilities for a company are:
· Current assets: 2013-$262,500; 2014-$310,500.

· Current liabilities: 2013-$150,000; 2014-$172,500.

Determine the current ratio for 2013 and 2014. Does the change in the current ratio from 2013 to 2014 indicate a favorable or unfavorable trend?

Reference no: EM132950434

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