Current Assets and Current Liabilities for Brayden Company Are as Follows:​​

question 125

Multiple Choice

Current assets and current liabilities for Brayden Company are as follows:​​ What conclusions can be drawn regarding Brayden's ability to meet its financial obligations?​

• A) The current ratio has worsened, and the working capital has decreased.
• B) The current ratio has improved, and the working capital has increased.
• C) The current ratio has improved, while the working capital has decreased.
• D) The current ratio has worsened, but the working capital has increased.

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Definitions:

Timesheet

A document or software where employees' working hours are recorded.

Work in Process Inventory

Partially finished goods that are in the process of being produced but are not yet complete.

General Ledger

The master set of accounts that summarize all transactions occurring within an entity, used to prepare financial statements.

Production Costs

Expenses directly related to the manufacture of goods, including materials, labor, and overhead.