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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.
=
Current Ratio
=
=
c.
Quick Ratio
=
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Problem 15(14)-3A
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Section:
An asterisk (*) will appear to the right of an incorrect entry.
1. a. Working Capital = Current Assets
–Current Liabilities
= $1,650,000 $750,000
2. Current Quick Current Working Current Quick
Transaction Assets Assets Liabilities Capital Ratio Ratio
a. 1,650,000$ 900,000$ 750,000$ 900,000$ 2.2 1.2
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Problem 15(14)-3A
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Solution
Section:
ON