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Use the information below to calculate the working capital, current ratio, and quick ratio for 2020 and 2019. Has the corporation's position to pay current
Use the information below to calculate the working capital, current ratio, and quick ratio for 2020 and 2019. Has the corporation's position to pay current liabilities improved or gotten worse? Round ratios to one decimal place. 2020 2019 Cash and cash equivalents $ 24,500 $ 22,650 Accounts receivable 129,800 135,000 Inventories 215,350 209,000 Total current assets $369,650 $366,650 Current liabilities $346,100 $345,200 Working capital 23,550 21,450
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