Cole Company had the following accounts and balances on December 31, 2015:
REQUIRED:
1. Compute Cole's working capital.
2. Compute Cole's current ratio. What does this ratio indicate about Cole's condition?
Definitions:
Animals
Living organisms typically able to move voluntarily, reproduce sexually, consume organic material, breathe oxygen, and grow from a hollow sphere of cells (the blastula) in embryonic development.
Research Subjects
Individuals or entities that participate in a scientific investigation to generate data or insights.
Animals
Multicellular, eukaryotic organisms in the kingdom Animalia that exhibit voluntary motion, responsiveness to environment, and often complex behaviors.
Corporate Media
Media outlets that are owned, controlled, or influenced by large corporations, often criticized for promoting corporate interests.
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