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Has change in quick ratio been favourable or unfavourable

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Reference no: EM132641261

Working capital and current ratioUsing the information below, calculate the :

Question a. Working capital

Question b. Current ratio

Question c. What is the difference between working capital and the current ratio?

Question d. Assuming this company's current ratio was 1.12:1 in the last accounting period, does the result of the calculation in part b. Represent a favourable or unfavourable change?

Question e. Calculate the quick ratio

Question f. At the end of the last accounting period, this company's quick ratio was 0.82:1. Has the change in the quick ratio been favourable or unfavourable?

Accounts payable                              $10,000

Non-current portion notes payable         20,000

Accounts receivable                          15,000

Office supplies                                    3,800

Buildings                                         42,000

Prepaid insurance                             2,500

cash                                               4,000

Unearned revenue                             1,000

Current portion of notes payable          7,000

Wages payable                              3,000

Reference no: EM132641261

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