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Own Will beg... * Sign In G Gram eBook Show Me How Calculator Working capital and current ratio Current assets and current liabilities for Brimstone
Own Will beg... * Sign In G Gram eBook Show Me How Calculator Working capital and current ratio Current assets and current liabilities for Brimstone Company follow: 2014 2013 Current assets $1,597,500 $1,144,000 Current liabilities 710,000 520,000 a. Determine the working capital and current ratio for 2014 and 20Y3. Round Current ratio to 2 decimal places. 2014 20Y3 Working capital $ 1 $ Current ratio b. Does the change in the current ratio from 20Y3 to 2044 indicate a favorable or an unfavorable change? Favorable Feedback Check My Work a. The current ratio (current assets/current liabilities), indicates whether a company has enough short-term assets to b. The ideal current ratio is 2: 1. Anything below 1 indicates negative working capital
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