Question
Cash $393,600 $295,500 Temporary investments 420,000 323,700 Accounts and notes receivable (net) 386,400 352,800 Inventories 540,000 437,400 Prepaid expenses 300,000 102,600 Total current assets $2,040,000
Cash $393,600 $295,500 Temporary investments 420,000 323,700 Accounts and notes receivable (net) 386,400 352,800 Inventories 540,000 437,400 Prepaid expenses 300,000 102,600 Total current assets $2,040,000 $1,512,000 Accounts and notes payable (short-term) $348,000 $378,000 Accrued liabilities 252,000 162,000 Total current liabilities $600,000 $540,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. 20Y9 20Y8 Working capital $ $ Current ratio Quick ratio b. The liquidity of Bock Suppliers has from the preceding year to the current year. The working capital, current ratio, and quick ratio have all .
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