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Determine the working capital and current ratio

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Reference no: EM132740070

Problem - Current assets and current liabilities for Brimstone Company follow:

 

2018

2019

Current assets

$1,586,250

$1,210,000

Current liabilities

705,000

550,000

Required -

a. Determine the working capital and current ratio for 2019 and 2018.

b. Does the change in the current ratio from 2018 to 2019 indicate a favorable or an unfavorable change?

Reference no: EM132740070

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