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* More Info Valley Pride Corporation reported the following current accounts at December 31, 2016 (amounts in thousands): (Click the icon to view the accounts.) During January 2017. Valley Pride completed these selected transactions: i (Click the icon to view the completed transactions.) Requirement Compute Valley Pride's net working capital and current ratio at December 31, 2016, and again at January 31, 2017. Did the networking capital and current ratio im company's net working capital and current ratio. - Sold services on account, $8,700 Depreciation expense, $200 Paid for expenses, $7,200 Collected from customers on account, $7,600 Accrued expenses, $100 Paid an account, S1,200 Used up prepaid expenses, $1,000 Begin with the December 31, 2016 net working capital. First select the formula labels and then calculate the networking capital Total current assets - Total current liabilities Networking capital 1 1300 - 5500 - 5800 Print Done 1 Now complete the December 31, 2016 current ratio. First select the formula labels and then calculate the current ratio. (Round your answers for the ratios to two decimal places.) = Total current assets 11300 Total current liabilities 5500 Curront ratio 2 .05 i Data Table E Now find the working capital and current ralio on January 31, 2017 The January 31, 2017 net working capital is $ 21800 - The January 31, 2017 current ratio is 5.95 Did the networking capital and current ratio improve or deteriorate during January 20177 Comment on the level of the company's networking capital and current ratio. Cash Receivables..................... Inventory ..................... Prepaid expenses.............. Accounts payable..... ..... Uneamed revenue ................ Accrued expenses payable ......... 1,800 5,500 2,600 1,400 2,800 1,100 1,600 The net working capital and current ratio improved during January 2017. The company's ability to pay current liabilities with current assets is strong. Print Done Choose from any list or enter any number in the input fields and then continue to the next

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