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The following selected information (in thousands) was taken from Fruition Collections Ltd's December 31 statement of financial position: 2018 2017 Current assets Cash $970 $1,384
The following selected information (in thousands) was taken from Fruition Collections Ltd's December 31 statement of financial position: 2018 2017 Current assets Cash $970 $1,384 Accounts receivable 2,026 1,448 Inventories 1,230 919 Other current assets 347 196 Total current assets $4,573 $3,947 Total current liabilities $3,130 $3,103 Your answer is partially correct. Calculate the current ratio for each of the two years. (Round ratios to 1 decimal place, e.g. 5.2.) 2018 2017 Current ratio :1 :1 Based only on the above information, would you say that the company's liquidity is strong or weak? Strong e Textbook and Media
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