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Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall
Edition 9ISBN: 0073527068Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall
Edition 9ISBN: 0073527068 Exercise 36
Step-by-step solution
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Step 1 of 2
a. Working capital = Current assets - Current liabilities |
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| 8/31/11 | 8/31/10 |
Current assets | $164 | $128 |
- Current liabilities | (88) | (116) |
= Working capital | $76 | $ 12 |
Current ratio = Current assets / Current liabilities |
|
|
| 8/31/11 | 8/31/10 |
Current assets | $164 | $128 |
/ Current liabilities | 88 | 116 |
= Current ratio?? | 1.86 | 1.10 |
Step 2 of 2
Accounting: What the Numbers Mean 9th Edition by Wayne W McManus, Daniel F Viele, David H Marshall
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