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Current ratio the following data was taken from the 2008

Current ratio. The following data was taken from the 2008 and 2007 financial statements of Fancy Fish Stores Inc. Calculate the current ratio for each year. What happened to the company"s liquidity from 2007 to 2008? (LO 5)

2008 2007
Current assets 256,485 265,960
Total assets 433,202 405,974
Current liabilities 104,195 101,929
Total liabilities 180,455 182,093
Total shareholders equity 252,736 224,881

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Cost Accounting: Current ratio the following data was taken from the 2008

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Cost Accounting: Current ratio the following data was taken from the 2008

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