Current assets and current liabilities for HQ Properties Company follow: 2019 2018 Current assets $2,175,000 $1,900,000 Current liabilities 1,500,000 1,250,000 a. Determine the working capital and current ratio for 2019 and 2018. b. Does the change in the current ratio from 2018 to 2019 indicate a favorable or an unfavorable change?

Current assets and current liabilities for HQ Properties Company follow: 2019 2018 Current assets $2,175,000 $1,900,000 Current liabilities 1,500,000 1,250,000 a. Determine the working capital and current ratio for 2019 and 2018. b. Does the change in the current ratio from 2018 to 2019 indicate a favorable or an unfavorable change?

Name: Current assets and current liabilities for HQ Properties Company foll
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Description: Current assets and current liabilities for HQ Properties Company follow:20192018Current assets$2,175,000$1,900,000Current liabilities1,500,0001,250,000a. Determine the working capital and current ratio for 2019 and 2018.b.Does the change in the curr

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter4: Completing The Accounting Cycle

Section: Chapter Questions

Problem 6PEA: Current assets and current liabilities for HQ Properties Company follow: a. Determine the working...

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