Working capital and current ratio OBJ. 7 Balance sheet data for Brimstone Company follows: 2016 2015 Current
Question:
Working capital and current ratio OBJ. 7 Balance sheet data for Brimstone Company follows:
2016 2015 Current assets $1,586,250 $1,210,000 Current liabilities 705,000 550,000
a. Determine the working capital and current ratio for 2016 and 2015.
b. Does the change in the current ratio from 2015 to 2016 indicate a favorable or an unfavorable trend?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial And Managerial Accounting
ISBN: 9781305267831,9781305267848
13th Edition
Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac
Question Posted: