Kean's Biotechnologies is located in Kelowna, British Columbia. It is a leader in the development of computer adapted bio-technical scanning and the pre-eminent company operating in this industry. The following data (in millions) were taken from Kean's most recent financial statements. 
Instructions
a. Calculate the working capital and current ratio for each year.
b. Discuss Kean's liquidity in 2016 compared to the previous two years.
c. Compare the purpose of the current ratio to the acid-test ratio and explain what additional information would be needed to calculate the acid-test ratio for Kean's Biotechnologies.
Definitions:
Equity Account
An account representing the owner's or shareholders' interest in a company, reflected in the capital stock, retained earnings, and contributed surplus on the balance sheet.
Unearned Revenue
Money received by a company for products or services yet to be delivered or performed, recorded as a liability on the balance sheet until earned.
Retained Earnings
The segment of net income that is not issued as dividends, reserved by the company for reinvestment in its essential business or for settling debts.
Asset Account
Accounts used in accounting to track the resources owned by a company that have future economic value.
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