Homework Answers
From 2016 to 2018 the value of current assets decreased and also total investment in the Assets decreased by $224.
In the year 2016 the company has no long term debt, when it came to 2018, company have a long term debt of $138.992. The total current liabilities of the firm reduced from $430.739 to $299.499. As the effect of reduction in Total current liabilities the total liabilities of the company reduced from 2017 to 2018.
Current ratio ( Current Assets / Current Liabilities)
2016 = 587/430 = 1.36 times
2018 = 474 / 299 = 1.58 times
If the Current Ratio is between 1.5% and 3%, it generally indicates good short-term financial strength.
So the short-term financial strength of the company in 2018 is acceptable.
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