Managerial Accounting (15th Edition)

Published by McGraw-Hill Education
ISBN 10: 007802563X
ISBN 13: 978-0-07802-563-1

Chapter 15 - Financial Statement Analysis - The Foundational 15 - Required - Page 698: 7

Answer

90.000; 2.5

Work Step by Step

The amount of working capital = Current assets - Current liabilities = 150.000 - 60.000= 90.000 The current ratio at the end of this year = Current assets ÷ Current liabilities = $\frac{150.000}{60.000}=2.5$
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