Working Capital and Current Ratio Current assets and current liabilities for Sandstone Company follow: 20Y8 Current assets Current liabilities 20Y9 $2,133,800 940,000 $1,613,300 730,000 a. Determine the working capital and current ratio for 2019 and 2018. 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 2018 to 2019 favorable or unfavorable? Favorable -✓
Working Capital and Current Ratio Current assets and current liabilities for Sandstone Company follow: 20Y8 Current assets Current liabilities 20Y9 $2,133,800 940,000 $1,613,300 730,000 a. Determine the working capital and current ratio for 2019 and 2018. 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 2018 to 2019 favorable or unfavorable? Favorable -✓
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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