Use the Following Financial Statement Information:
Financial Statement Information

question 50

Essay

Use the following financial statement information:
Financial Statement Information $$\begin{array} { | l | r | r | r | r | } \hline & \text { C Co 20X2 } & \text { C Co 20X1 } & \text { P Co 20X2 } & \text { P Co 20X1 } \\\hline \text { Current Assets } & \$ 4,362 & \$ 6,251 & \$ 6,380 & \$ 5,969 \\\hline \text { Total Assets } & 22,660 & 20,101 & 19,145 & 16,881 \\\hline \text { Current Liabilities } & 7,914 & 4,257 & 8,640 & 7,379 \\\hline \text { Total Liabilities } & 16,259 & 13,165 & 10,742 & 9,607 \\\hline\end{array}$$ Calculate the following: $$\begin{array} { | l | } \hline \text { a. C Co's 20X2 current ratio } \\\hline \text { b. C Co's 20X1 current ratio } \\\hline \text { c. C Co's 20X2 working capital } \\\hline \text { d. C Co's 20X1 working capital } \\\hline \text { e. P Co's 20X2 current ratio } \\\hline \text { f. P Co's 20X1 current ratio } \\\hline \text { g. P Co's 20X2 working capital } \\\hline \text { h. P Co's 20X1 working capital } \\\hline\end{array}$$

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Definitions:

Existing Stock

Securities or inventory that are currently held or available for sale in the market.

Tombstones

Advertisements in financial publications summarizing the terms of a new issue of securities.

Public Offering

The process of selling stocks or bonds to the public for the first time, also known as an initial public offering (IPO) for stocks.