eBook Calculator Working Capital and Current Ratio The following data were taken from recent financial statements of Starlight Corporation: Year 2 Year 1 Current assets $ 154,018 $ 111,024 Current liabilities 49,844 36,885 a. Compute the working capital and the current ratio for Year 2 and Year 1. Round the current ratio answers to two decimal places. Use the minus sign to indicate a negative working capital Year 2 Year 1 Working capital Current ratio b. What conclusions concerning the company's ability to meet its financial obl ons can you draw from part (a)? Starlight's working capital from Year 1 to Year 2 by S Starlight's current ratio current ratio indicate that short-term creditors concerned about receiving payment from Starlight in Year 2. The changes in working capital and Check My Work Next Emal instructor Save and Ex Submit Assignment for Grading o RI 229 PM 7/29/2020 11 eBook Calculator Appendix: Completing an End-of-Period Spreadsheet Alert Security Services Co. offers security services to business clients. Complete the following end-of-period spreadsheet for Alert Security Services Co. If a be entry, leave it blank. Alert Security Services Co. End-of-Period Spreadsheet (Work Sheet) For the Year Ended October 31, 2019 Adjusted Trial Balance Income Statement Balance Sheet Account Title Dr. Cr. Dr. Cr. Dr. Cr. 98 Cash 98 Accounts Receivable 722 Supplies 33 Prepaid Insurance 25 Land 820 Equipment 328 66 Accum. Depr.-Equipment 295 Accounts Payable 33 Wages Payable 1,426 Brenda Schultz, Capital Brenda Schulty Drawing Check My Work