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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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