Pinecrest Company
Use the selected data from Pinecrest Company's financial statements to answer the following question.
-Refer to the data for Pinecrest Company.
Which of the following statements is true?
A)The current ratio increased from 2015 to 2016.
B)The acid-test ratio decreased from 2015 to 2016.
C)The amount of working capital decreased from 2015 to 2016.
D)Assuming extreme conditions do not exist, the company appears to be in a worse position to pay its current debts at the end of 2016 compared to 2015.

Question

Pinecrest Company
Use the selected data from Pinecrest Company's financial statements to answer the following question. 
-Refer to the data for Pinecrest Company.
Which of the following statements is true?
A)The current ratio increased from 2015 to 2016. 
B)The acid-test ratio decreased from 2015 to 2016. 
C)The amount of working capital decreased from 2015 to 2016. 
D)Assuming extreme conditions do not exist, the company appears to be in a worse position to pay its current debts at the end of 2016 compared to 2015.

Quizplus · Accepted Answer

The Answer of Pinecrest Company
Use the selected data from Pinecrest Company's financial statements to answer the following question. 
-Refer to the data for Pinecrest Company.
Which of the following statements is true?
A)The current ratio increased from 2015 to 2016. 
B)The acid-test ratio decreased from 2015 to 2016. 
C)The amount of working capital decreased from 2015 to 2016. 
D)Assuming extreme conditions do not exist, the company appears to be in a worse position to pay its current debts at the end of 2016 compared to 2015.

Pinecrest Company Use the Selected Data from Pinecrest Company's Financial Statements to Statements