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Financial statement analysis Evaluate the trend in a company's current ratio Examine the financial data of Musketeer Corporation 2017 2016 Year Ended December 31 2018 Operating Results 250 $ 342 340 Net income 1.68 S 1.37 S Earnings per common share 1.99 19.90% Net income as a percent of sales 17.90% 19.30% Return on average stockholders' equit 21.00% 18.00% 19.00% Financial Position 489$ 434 712 $ 400 S Current assets 326 Current liabilities 350 312 $ 163 Working capital 84 Use the blue shaded areas on the ENTERANSWERS tab for inputs Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you wil be marked wrong Requirements 1 Calculate Musketeer's current ratio for each year from 2016 through 2018 2 Is the company's ability to pay its current liabilities improving or deteriorating? 1. Calculate Musketeer's current ratio for each year from 2016 through 2018. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong.) 2016 2018 2017 Current ratio 2. Is the company's ability to pay its current liabilities improving or deteriorating? Is the company's ability to pay its current liabilities improving or deteriorating? improving deteriorating

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