a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. 20Υ9 20Υ8 Working capital Current ratio Quick ratio

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 13EB: Using the following account balances, calculate for the two years presented: A. working capital B....
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a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place.
20Υ9
20Υ8
Working capital
Current ratio
Quick ratio
Transcribed Image Text:a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. 20Υ9 20Υ8 Working capital Current ratio Quick ratio
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