Use the information that follows taken from Campbell Company's financial statements for the years ending December 31, 2010 and 2009 to answer problems 45 through 48.
-Calculate Campbell's current and quick ratios as of December 31, 2009 and December 31, 2010 and choose the correct answers below:
A) Campbell's quick and current ratios improved from December 31, 2009 to December 31, 2010.
B) Campbell's quick and current ratios worsened from December 31, 2009 to December 31, 2010.
C) Campbell's quick ratio improved but the current ratio worsened December 31, 2009 to December 31, 2010.
D) Campbell's quick ratio worsened but the current ratio improved from December 31, 2009 to December 31, 2010.
Correct Answer:
Verified
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