Question
Current assets and current liabilities for Konex Properties Company follow:
20Υ9
20Υ8
Current assets
$2,042,400
$1,759,500
Current liabilities
1,380,000
1,150,000
a. Determine the working capital and current ratio for 20Y9 and 20Y8. If required, round "current ratio" answers to two decimal places.
20Υ9
20Υ8
Working capital
Current ratio
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Transcribed Image Text

Current assets and current liabilities for Konex Properties Company follow: 20Υ9 20Υ8 Current assets $2,042,400 $1,759,500 Current liabilities 1,380,000 1,150,000 a. Determine the working capital and current ratio for 20Y9 and 20Y8. If required, round "current ratio" answers to two decimal places. 20Υ9 20Υ8 Working capital Current ratio

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