Survey of Accounting (Accounting I)
Solutions
Survey of Accounting (Accounting I)
For Belzcr Corporation, the working capital at the end of the current year is $24,000 more than the working capital at the end of the preceding year, reported as follows:
Concept Introduction:
Current Ratio:
Current Ratio is the measure of the company's ability to pay off its current liabilities using its current assets. It is calculated by dividing the total current assets by total current liabilities. The formula of the current ratio is as follows:
To Indicate:
If company's current position has improved.
The current ratio of company in the Preceding year is (198000/60000) = 3.3.
The current ratio of company in the Current year is (252000/90000) = 2...
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