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15. Calculate the working capital, current ratio, and quick ratio for 2018 and 20196 with the following information. Determine if the company is in
15. Calculate the working capital, current ratio, and quick ratio for 2018 and 20196 with the following information. Determine if the company is in a better position or worse position to pay its current liabilities. Round ratios to one decimal place. Cash and cash equivalents Temporary investments Accounts receivable Inventories Current liabilities 2019 $110,650 50,300 180,100 110,320 357,000 2018 $100,750 68,900 177,750 100,100 346,200
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
4th edition
978-0073369709, 73369705, 78025370, 978-0077444846, 77444841, 978-0078025372
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