Working capital and current ratio OBJ. 7 Balance sheet data for HQ Properties Company follows: 2016 2015
Question:
Working capital and current ratio OBJ. 7 Balance sheet data for HQ Properties Company follows:
2016 2015 Current assets $2,175,000 $1,900,000 Current liabilities 1,500,000 1,250,000
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?
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Related Book For 
Financial And Managerial Accounting
ISBN: 9781305267831,9781305267848
13th Edition
Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac
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