Demonstration Problem 13-1 - Analyzing Financial Statements c. Liquidity Ratios \begin{tabular}{|c|c|c|c|} \hline (1) & \begin{tabular}{c} - \\ - \end{tabular} & = & Working Capltal \\ \hline 2016 & - & = & $130,500 \\ \hline 2016 & - & = & $107,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline (2) Current Ratio & 2016 & 2015 \\ \hline \begin{tabular}{l} Current assets \\ Current liabilities \end{tabular} & = to 1 & == to 1 \\ \hline \end{tabular} 12016: 2015: \begin{tabular}{|l|l|l|} \hline (5)Avg. Days to Collect Receivables & 2016 & 2015 \\ \hline Days in year & =days2 & \\ \hline Accts. receivable turnover & & days \\ \hline \end{tabular} ($391,000+$366,000)+2=33ra00