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Splish Brothers Inc., a fertilizer company based in Saskatchewan, had the following information in its financial statements for the fiscal years ended December 31.
Splish Brothers Inc., a fertilizer company based in Saskatchewan, had the following information in its financial statements for the fiscal years ended December 31. All figures are in millions of Canadian dollars. 2024 2023 2022 Cash and cash equivalents $360 $1,557 $139 Accounts receivable 1,005 900 540 Current assets 4,641 3,549 1,552 Current liabilities 2,730 1,365 970 Calculate Splish Brothers's (1) working capital, (2) current ratio, and (3) acid-test ratio for each year. (Enter working capital amounts in millions. Round ratio answers to 2 decimal places, e.g. 1.75:1.) Working Capital Current Ratio Acid-test Ratio 2024 : 1 $ 2023 : : Determine from the results obtained in part (a) if Splish Brothers's: (1) Working capital from 2023 to 2024. (2) Current ratio from 2023 to 2024. (3) Current ratio from 2022 to 2023. (4) Acid-test ratio from 2023 to 2024. (5) Acid-test ratio from 2022 to 2023. : 1 2022 : 1 1 : 1
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