the supplies account had a balance of 4248 at the beginning of the year and was debited during the year for 2531

Host Name DCLAB207-3 NOWV2 Online teachin x + n/takeAssignment/take Assignment Main.do?invoker=assignments&takeAssignmentSessionLocator assignment-takeinprogress=false Calculator The supplies account had a balance of $4,248 at the beginning of the year and was debited during the year for $2,531, representing the total of supplies purchased during the year. If $397 of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year is a. $6,779 b. $397 c. $2.928 d. 56,382 signment/take AssignmentMain.do?invoker=assignments&takeAssignmentSession Locator assignment-tak eBook Show Me How Calculator Print Item Working Capital and Current Ratio The following data (in thousands) were taken from recent financial statements of Armour Corps, Inc.: December 31 Year 2 Year 1 $ 123,543 $ 89,697 Current assets Current liabilities 38,850 28,749 a. Compute the working capital and the current ratio as of December 31, Year 2 and Year 1. Enter working capita December 31 Year 2 Year 1 Working capital Current ratio b. What conclusions concerning the company's ability to meet its financial obligations can you draw from part (a)? Armour Corps' working capital increased by during Year 2. The current ratio increased in concerned about receiving payment from Armour Corps. Foto Check My Work Remember that current assets are compared to current liabilities to see if current obligations can be paid off with current reroute Check My Work