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Help with working capital and current ratio! Evans, Inc., had current liabilities at April 30 of $120,500. The firm's current ratio at that date was
Help with working capital and current ratio!
Evans, Inc., had current liabilities at April 30 of $120,500. The firm's current ratio at that date was 1.8. Required: (a) Calculate the firm's current assets and working capital at April 30. Current assets 216,900 Working capital S96,400 (b) Assume that management paid $30,125 of accounts payable on April 29. Calculate the current ratio and ansue ta tiwa dtcimil olaces he pmi 29 payment had not been made. (Round your curent ratio answer to two decimal places.) Current ratio Working capitalStep by Step Solution
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