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Current Position Analysis The following data were taken from the balance sheet of Bock Suppliers Company Cash Temporary investments Accounts and notes receivable (net) Inventories
Current Position Analysis The following data were taken from the balance sheet of Bock Suppliers Company Cash Temporary investments Accounts and notes receivable (net) Inventories Prepaid expenses Current Year $684,000 792,000 324,000 346,500 178,500 Previous Year $546,000 614,300 204,700 237,900 152,100 Total current assets $2,325,000 $1,755,000 Accounts and notes payable $435,000 315,000 $750,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place $455,000 195,000 $650,000 (short-term) Accrued liabilities Total current liabilities Current Year Previous Year 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Bock Suppliers has from the preceding year to the current year. The working capital, current ratio, and quick
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