Accounting, Chapters 1-13
27th Edition
ISBN: 9781337272100
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Textbook Question
Chapter 4, Problem 4.6APE
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?
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Chapter 4 Solutions
Accounting, Chapters 1-13
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