Solved: As of december 31 2015 michael corps current assets were, Financial Accounting

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As of december 31 2015 michael corps current assets were

As of December 31, 2015, Michael Corp's current assets were $2,000,000. Its current liabilities were $2,000,000. Its sales for 2015 were $50,000,000. As of December 31, 2016, Michael Corp's current assets were $3,000,000. Its current liabilities were $3,000,000. Its sales for 2016 were $65,000,000. Management has asked you to comment on these numbers.

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Financial Accounting: As of december 31 2015 michael corps current assets were

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Financial Accounting: As of december 31 2015 michael corps current assets were

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