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On December 31, 2017, Cullumber Company had $1 million of current assets and $820,000 of current liabilities. On the same day, Riverbed Company had $310,000
On December 31, 2017, Cullumber Company had $1 million of current assets and $820,000 of current liabilities. On the same day, Riverbed Company had $310,000 of current assets and $130,000 of liabilities. Calculate the working capital and current ratio for both companies. (Round current ratio answers to 2 decimal places, e.g. 1.76:1) Cullumber Riverbed Working Capital Current Ratio :1 Which liquidity measure is more relevant? v liquidity measure is more relevant
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