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Kingbird Inc, a fertilizer company based in Saskatchewan, had the following information in its financial statements for the fiscal years ended December 31. All
Kingbird Inc, a fertilizer company based in Saskatchewan, had the following information in its financial statements for the fiscal years ended December 31. All figures are in millions of Canadian dollars 2021 2020 2019 Cash and cash equivalents $370 $1,450 $150 Accounts receivable 1,200 840 540 Current assets 5,200 3.500 1.570 Current liabilities 2.950 1.135 960 Calculate Kingbird's (1) working capital, (2) current ratio, and (3) acid-test ratio for each year. (Enter working capital amounts in millions. Round ratio answers to 2 decimal places, eg. 1.75:1.) Working Capital Current Ratio 2021 $ 2020 3 2019
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