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Determine the working capital and current ratio

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Reference no: EM132748498

Problem - Working capital and current ratio - Current assets and current liabilities for HQ Properties Company follow:

 

20Y2

20Y1

Current assets

$2,175,000

$1,900,000

Current liabilities

1,500,000

1,250,000

Required -

a. Determine the working capital and current ratio for 20Y2 and 20Y1.

b. Does the change in the current ratio from 20Y1 to 20Y2 indicate a favorable or an unfavorable change?

Reference no: EM132748498

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