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Sleep Country is a Canadian specialty mattress retailer. The following information (all amounts in thousands) can be found on its recent balance sheets: Cash Trade
Sleep Country is a Canadian specialty mattress retailer. The following information (all amounts in thousands) can be found on its recent balance sheets: Cash Trade and other receivables Inventories Prepaid expenses and deposits Property and equipment Other long-term assets Trade and other payables Customer deposits Other current liabilities Non-current liabilities Shareholders' equity December 31, 2017 $23,620 14,002 38,275 1,833 52,773 351,945 52,406 19,587 662 142,985 266,808 December 31, 2016 $23,820 14,937 34,538 2,399 33,927 351,387 40,522 17,554 445 151,187 251,300 December 31, 2015 $16,639 8,406 32,070 2,087 28,987 351,178 46,024 15,598 725 143,429 233,591 Your answer is correct. Calculate Sleep Country's current assets and current liabilities for each period. (Enter amounts in thousands.) December 31, 2017 December 31, 2016 December 31, 2015 Current assets $ 77730 $ 75694 ta 59202 Current liabilities $ 72655 $ 58521 $ 62347 Calculate Sleep Country's working capital, current ratio, and acid-test ratio for each period. (Enter working capital amounts in thousands. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round current ratio and acid-test ratio answers to 2 decimal places, e.g. 1.75:1) December 31, 2017 December 31, 2016 December 31, 2015 Working Capital $ $ $ Current Ratio :1 :1 :1 Acid-test Ratio : 1 :1 : 1
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