An asterisk (*) will appear to the right of an incorrect entry.
1. a. Working Capital = Current Assets
–Current Liabilities
=
Working Capital =
b. Current Assets
Current Liabilities
Current Ratio =
Quick Assets
Current Liabilities
Quick Ratio =
2. Current Quick Current Working Current Quick
Transaction Assets Assets Liabilities Capital Ratio Ratio
a.
b.
c.
d.
e.
f.
g.
h.
i.
j.
0%
Problem 15(14)-3B
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c.
Quick Ratio
=
=
Current Ratio
=
=
An asterisk (*) will appear to the right of an incorrect entry.
1. a. Working Capital = Current Assets
–Current Liabilities
= $3,200,000 $2,000,000
2. Current Quick Current Working Current Quick
Transaction Assets Assets Liabilities Capital Ratio Ratio
a. 3,200,000$ 2,200,000$ 2,000,000$ 1,200,000$ 1.6 1.1
ON
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Problem 15(14)-3B
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Solution
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