FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Working Capital and Current Ratio Current assets and current liabilities for Sandstone Company follow: 20Y9 20Y8 $2,133,800 $1,613,300 940,000 730,000 a. Determine the working capital and current ratio for 2019 and 2018. If required, round "current ratio" answers to two decimal places. 20Y9 20Y8 Current assets Current liabilities Working capital Current ratio b. Is the change in the current ratio from 2018 to 2019 favorable or unfavorable? Favorable
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Transcribed Image Text:Working Capital and Current Ratio Current assets and current liabilities for Sandstone Company follow: 20Y9 20Y8 $2,133,800 $1,613,300 940,000 730,000 a. Determine the working capital and current ratio for 2019 and 2018. If required, round "current ratio" answers to two decimal places. 20Y9 20Y8 Current assets Current liabilities Working capital Current ratio b. Is the change in the current ratio from 2018 to 2019 favorable or unfavorable? Favorable
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