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Selected financial information is available at July 31 for Oriole Co. 2024 2023 Cash and accounts receivable $31,740 $20,790 Current assets 34,960 32,340 Current
Selected financial information is available at July 31 for Oriole Co. 2024 2023 Cash and accounts receivable $31,740 $20,790 Current assets 34,960 32,340 Current liabilities 23,000 23,100 (a) Calculate (1) working capital, (2) the current ratio, and (3) the acid-test ratio for 2023 and 2024. (Round current ratio and acid-test ratio answers to 2 decimal places, eg. 1.75:1) 2024 2023 Working capital Current ratio 1 :1 Acid-test ratio :1 :1
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College Accounting
Authors: Heintz and Parry
20th Edition
1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192
