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Current Position Ana Show Me How The following data were taken from the comparative balance sheet of Osborn Sisters Company for the years ended December
Current Position Ana Show Me How The following data were taken from the comparative balance sheet of Osborn Sisters Company for the years ended December 31, 2049 and December 31, 2048: Dec. 31, 2049 Dec. 31, 2048 Cash Temporary investments Accounts and notes receivable (net) Inventories Prepaid expenses $545,800 582,400 535,800 748,800 403,200 $2,816,000 $371,200 268,800 $640,000 $423,200 463,500 505,300 626,400 185,600 $2,204,000 $406,000 174,000 $580,000 Total current assets Accounts payable Accrued liabilities Total current liabilities a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. 2079 2048 Working capital Current ratio Quick ratio
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