Essay
The following data are taken from the financial statements of Dellmont Company. 
Additional information:
Information taken from the financial statements of Dellmont's major competitor: 
Information taken from industry publications:
Average current ratio is 2.5:1
Average acid-test ratio is 1.9:1
Instructions
Calculate Dellmont's working capital and current and acid-test ratios, and comment on the company's liquidity.
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Dellmont Working capital = Current asset...View Answer
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Correct Answer:
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