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Working Capital and Current Ratio The following data were taken from recent financial statements of Starlight Corporation: Year 2 Year 1 Current assets $

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Working Capital and Current Ratio The following data were taken from recent financial statements of Starlight Corporation: Year 2 Year 1 Current assets $ 211,806 $ 154,870 Current liabilities 50,430 37,318 a. Compute the working capital and the current ratio for Year 2 and Year 1. Round the current ratio answers to two decimal places. Use the minus sign to indicate a negative working capital. 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)? Starlight's working capital from Year 1 to Year 2 by $ Starlight's current ratio current ratio indicate that short-term creditors receiving payment from Starlight. in Year 2. The changes in working capital and concerned about

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