Working Capital and Current Ratio Current assets and current liabilities for Konex Properties Properties Company follow: 20Y9 20Y8 Current assets $697,400 $873,000 Current liabilities 634,000 582,000 a. Determine the working capital and current ratio for 20Y9 and 20Y8. If required, round "current ratio" answers to two decimal places. 20Y9 20Y8 Working capital Current ratio b. Is the change in the current ratio from 20Y8 to 20Y9 favorable or unfavorable?

Working Capital and Current Ratio Current assets and current liabilities for Konex Properties Properties Company follow: 20Y9 20Y8 Current assets $697,400 $873,000 Current liabilities 634,000 582,000 a. Determine the working capital and current ratio for 20Y9 and 20Y8. If required, round "current ratio" answers to two decimal places. 20Y9 20Y8 Working capital Current ratio b. Is the change in the current ratio from 20Y8 to 20Y9 favorable or unfavorable?

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Description: Show Me HoweBookWorking Capital and Current RatioCurrent assets and current liabilities for Konex Properties Properties Company follow:20Y920Y8Current assets$697,400$873,000Current liabilities634,000582,000a. Determine the working capital and curren

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1SEB

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