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 -✓

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 6PEB: Current assets and current liabilities for Brimstone Company follow: a. Determine the working...

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