Use the Following Financial Statement Information: Financial Statement Information
Question 139
Question 139
Essay
Use the following financial statement information: Financial Statement Information Current Assets Total Assets Current Liabilities Total Liabilities C Co 20X2 $4,36222,6607,91416,259 C Co 20X1 $6,25120,1014,25713,165 P Co 20X2 $6,38019,1458,64010,742 P Co 20X1 $5,96916,8817,3799,607 Calculate the following: a. C Co’s 20X2 current ratio b. C Co’s 20X1 current ratio c. C Co’s 20X2 working capital d. C Co’s 20X1 working capital e. P Co’s 20X2 current ratio f. P Co’s 20X1 current ratio g. P Co’s 20X2 working capital h. P Co’s 20X1 working capital
Correct Answer:
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a.0.55 ($4,362/$7,914) b. 1.47 ($6,251/...
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