Question
Working Capital and Current Ratio Balance sheet data for HQ Properties Company follows: 2016 2015 Current assets $2,175,000 $1,900,000 Current liabilities 1,500,000 1,250,000 a. Determine
Working Capital and Current Ratio
Balance sheet data for HQ Properties Company follows:
| 2016 | 2015 | |||
| Current assets | $2,175,000 | $1,900,000 | ||
| Current liabilities | 1,500,000 | 1,250,000 | ||
a. Determine the working capital and current ratio for 2016 and 2015. If required, round "current ratio" answers to two decimal places.
| 2016 | 2015 | |||
| Working capital | $ | $ | ||
| Current ratio | ||||
b. Does the change in the current ratio from 2015 to 2016 indicate a favorable or an unfavorable trend?
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Financial Accounting And Analysis For Students From Non Accounting Background
Authors: Raja Mizan
1st Edition
979-8431276866
