Shoppers Drug Mart Corporation is Canada's largest retail pharmacy, with stores in each province (including Pharmaprix in Quebec) and two territories. The following data (in thousands) were taken from Shoppers' financial statements:

Instructions
(a) Calculate the working capital, current ratio, and acid-test ratio for each year.
(b) Discuss Shoppers Drug Mart's liquidity on December 31, 2011, compared with the two previous years?

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Dec. 31, 2011Jan. 1, 2011 Cash Accounts receivable Inventory Current assets Current liabilities $ 118,566 493,338 2,042,302 2,695,647 1,776,238 64,354 432,089 1,957,525 2,542,820 1,527,567 Jan. 2, 2010 $ 44,391 470,935 1,852,441 2,441,973 1,706,541