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Current Ratio Gungor Inc reported the following current accounts at the end of two recent years: December 31, 2017 December 31, 2016 Cash $3,150 $6,300

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Current Ratio Gungor Inc reported the following current accounts at the end of two recent years: December 31, 2017 December 31, 2016 Cash $3,150 $6,300 Accounts receivable 15,000 10,000 Inventory 12,000 8,000 Accounts payable 12,000 7.000 Wages payable 2.000 1,000 Notes payable 6,000 4,000 Required: 1. The current ratio for December 31, 2017 and for December 31, 2016, respectively are 9. Gungor's liquidity has at the end of 2017 compared to the end of 2016 due to increasing by the 3. The change in comportion of the company's current sets at the end of 2017 compared to the end of 2016 reflects accounts recewable and inventory Chand

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