Question
Working Capital and Current Ratio The following data were taken from recent financial statements of Armour Corps, Inc.: December 31 Year 2 Year 1 Current
Working Capital and Current Ratio
The following data were taken from recent financial statements of Armour Corps, Inc.:
| December 31 | ||||
| Year 2 | Year 1 | |||
| Current assets | $ 128,308 | $ 96,521 | ||
| Current liabilities | 42,486 | 31,440 | ||
Compute the working capital and the current ratio as of December 31, Year 2 and Year 1. Round "current ratio" answers to two decimal places.
| December 31 | ||
| Year 2 | Year 1 | |
| Working capital | $ | $ |
| Current ratio | ||
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