Current Assets and Current Liabilities for Brayden Company Are as Follows

question 54

True/False

Current assets and current liabilities for Brayden Company are as follows:?? $$\begin{array} { | l | r | r | } \hline & { 20 \mathrm { Y } 9 } & { 20 \mathrm { Y } 8 } \\\hline \text { Current Assets } & \$ 498,600 & \$ 532,400 \\\hline \text { Current Liabilities } & 269,300 & 301,500 \\\hline\end{array}$$ The change in the current ratio from 20Y8 to 20Y9 was favorable.

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Definitions:

Independent Retailer

A retail business owned and operated by an individual or family, not part of a larger chain or franchise system.

Owned

Refers to assets or properties controlled by an individual or company.

Individual

Referring to a single human being as distinct from a group, society, or organization, emphasizing personal and unique attributes.

Corporate Chain

A series of related businesses owned by the same company or managed under a single corporate structure, often sharing branding and operational systems.