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Examine the financial data of Peterson Corporation. (Click the icon to view the financial data.) Calculate Peterson's current ratio for each year 2016 through 2018.
Examine the financial data of Peterson Corporation. (Click the icon to view the financial data.) Calculate Peterson's current ratio for each year 2016 through 2018. Is the company's ability to pay its current liabilities improving or deteriorating? Select the formula and then enter the amounts to compute Peterson's current ratio for each year. (Round the ratio to two decimal places, X.XX.) Current assets Current liabilities Current ratio 2016 X i Data Table 2018 2017 2016 $ 220 $ 120 $ 119 Year Ended December 31 Operating Results Net income Earnings per common share Net income as a percent of sales Return on average stockholders' equity EA $ 0.93 $ 0.63 1.23 15.6 % 14.0 % 17.6 % 19.6 % 17.0 % 20.0 % $ 592 462 $ 416 Financial Position Current assets Current liabilities Working capital A A $ 330 $ 325 370 222 $ 132 $ $ 91 Print Done
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