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Posted on May 17, 2024

The following balances were reported in the financial statement for Ruby Company. 2 0 1 3 2 0 1 2 Net Sales 1 , 6

The following balances were reported in the financial statement for Ruby Company.

20132012

Net Sales

1, 600, 0001, 700, 000

Net Income

160, 000195, 000

Current Assets

400, 000525, 000

Current Liabilities

160, 000200, 000

Total Liabilities

500, 000675, 000

Total Assets

1, 500, 0002, 400, 000

Comment on changes to Ruby Companys liquidity and solvency.

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