Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac

تمرين 18

Current position analysis
The following data were taken from the balance sheet of Gostkowski Company at the end of two recent fiscal years:

a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place.
b. What conclusions can be drawn from these data as to the company's ability to meet its currently maturing debts