Question
PE 4-6a the following balance sheet data for Mayer Company are shown below current assets: 2012 $840000. 2011 $ 1430000 current liabilities; 2012 $600000, 2011
PE 4-6a the following balance sheet data for Mayer Company are shown below
current assets: 2012 $840000. 2011 $ 1430000
current liabilities; 2012 $600000, 2011 $ 550000.
a) Determine the working capital and current ratio for 2012 and 2011
b) Does the change in the current ratio from 2011 to 2012 indicate a favorable or an unfavorable trend?
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The Craft Of Auditing For Accounting Undergraduates
Authors: Eldar Maksymov
1st Edition
1516589890, 9781516589890
