A.Hammer Corporation wrote off $185,000 of obsolete inventory at December 31,2011.
Required:
What effect did this write-off have on the company's 2011 current and quick ratios?
B.Assume that Hammer Company did not write off their inventory.How will this affect the company's financial position?

Question

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The Answer of A.Hammer Corporation wrote off $185,000 of obsolete inventory at December 31,2011.
Required:
What effect did this write-off have on the company's 2011 current and quick ratios?
B.Assume that Hammer Company did not write off their inventory.How will this affect the company's financial position?

AHammer Corporation Wrote Off $185,000 of Obsolete Inventory at December