Baltimore Corporation reported the following current accounts at December 31, 2016 (amounts in thousands): (Click the icon to view the accounts.) During January 2017, Baltimore completed these selected transactions: (Click the icon to view the completed transactions.) Requirement Compute Baltimore's net working capital and current ratio at December 31, 2016, and again at January 31, 2017. Did the net working capital and current ratio improve or deteriorate during January 2017? Comment on the level of the company's net working capital and current ratio. Begin with the December 31, 2016 net working capital. First select the formula labels and then calculate the networking capital. = Net working capital Now complete the December 31, 2016 current ratio. First select the formula labels and then calculate the current ratio. (Round your answers for the ratios to two decimal places.) = Current ratio Now find the working capital and current ratio on January 31, 2017 The January 31, 2017 net working capital is $ L . The January 31, 2017 current ratio is L . Did the networking capital and current ratio improve or deteriorate during January 2017? Comment on the level of the company's net working capital and current ratio. The net working capital and current ratio V during January 2017. The company's ability to pay current liabilities with current assets is More Info - X Sold services on account, $8,800 Depreciation expense, $400 Paid for expenses, $7,000 Collected from customers on account, $7,800 Accrued expenses, $100 Paid an account, $1,000 Used up prepaid expenses, $400 Print Done a C ala B erber 21, 2016 July LT O 1. BM M IN . l Year GTAMS Bewakigcaponad 1,211 217.wp de p idoiy rewry 20179 weeks of the oppy's working towano whers and manages ANN Nur Dad 12:15 UTC Frasedusk u lut be und o ne kur Ww w ding rape and owner . 2017 I JE U Jewel dhe erdng explai are care l e or delete sang JRTY 2017 Content wel of the CERT's rewar d antra in 2017. TAD mitandao i Data Table ..........5 Cash Receivables... 1,900 5,600 2,000 1,500 Inventory Prepaid expenses Accounts payable Unearned revenue ... Accrued expenses payable 3,300 1,000 1,400 Print Done Requirement Compute Baltimore's net working capital and current ratio at December 31, 2016, and again at January 31, 2017. Did the networking capital and current ratio impro or deteriorate during January 2017? Comment on the level of the company's net working capital and current ratio. Begin with the December 31, 2016 net working capital. First select the formula labels and then calculate the net working capital. = Net working capital Now complete the December 31, 2016 current ratio. First select the formula labels and then calculate the current ratio. (Round your answers for the ratios to two decimal places.) ID = Current ratio Now find the working capital and current ratio on January 31, 2017 The January 31, 2017 net working capital is $ The January 31, 2017 current ratio is . Requirement Compute Baltimore's net working capital and current ratio at December 31, 2016, and again at January 31, 2017. Did the networking capital and current ratio impro or deteriorate during January 2017? Comment on the level of the company's net working capital and current ratio. Begin with the December 31, 2016 net working capital. First select the formula labels and then calculate the net working capital. = Net working capital Now complete the December 31, 2016 current ratio. First select the formula labels and then calculate the current ratio. (Round your answers for the ratios to two decimal places.) ID = Current ratio Now find the working capital and current ratio on January 31, 2017 The January 31, 2017 net working capital is $ The January 31, 2017 current ratio is
