Question

May 31, 2018 May 31, 2019 Chanda $4466 197 4272 5,622 1,968 $ 4,249 996 3.498 5.261 1,130 Pages and other current Totalautaset Paper plant and equipment net der intangible assets, net 16,525 4744 283 154 2,011 15,134 4454 285 154 2,509 Derleed income taxes and other 23,717 22,536 TOTAL ASSETS Current liabilities Current portion of long-term debt 6 6 9 Notes payable Accounts payable Accrued liabilities Income taxes payable Total current liabilities 2,612 5,010 229 7,866 336 2,279 3,269 150 6,040 W Stv llo Macro

Answer 1

Solution: 1
	Calculation of Current Ratio for the year 2019
	Current Ratio =	Current Assets	/	Current Liabilities
	Current Ratio =	Current Assets	/	Current Liabilities
	Current Ratio =	$                      16,525	/	$                           7,866
	Current Ratio =	2.10	Times
	Answer = Option 3 = 2.10
Solution: 2
	Nick & Partner returns the inventory costing of $ 1000 it means
	Nick & Partner will not pay to vendor $ 1,000 and account payable
	will decreases by $ 1,000
	Answer = Accounts Payble Decreases