Current Position AnalysisThe following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years:Current assets:CashMarketable securitiesAccounts and notes receivable (net)InventoriesPrepaid expensesTotal current assetsCurrent liabilities:Accounts and notes payable(short-term)Accrued liabilitiesTotal current liabilitiesCurrent Year$389,100450,600184,3001,098,200565,800$2,688,000$371,200268,800$640,000Previous Year$291,200327,600109,200854,000546,000$2,128,000$392,000168,000$560,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place.1. Working capital2. Current ratio3. Quick ratiob. The liquidity of Nilo hasratio have allliabilities.Current Year$Previous Yearfrom the preceding year to the current year. The working capital, current ratio, and quickMost of these changes are the result of anin current assets relative to current

1.Working capital = Current Assets – current liabilities. 2.Current Ratio Formula = Current Assets /…

a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Nilo has ratio have all liabilities. Current Year $ Previous Year from the preceding year to the current year. The working capital, current ratio, and quick Most of these changes are the result of an in current assets relative to current

a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Nilo has ratio have all liabilities. Current Year $ Previous Year from the preceding year to the current year. The working capital, current ratio, and quick Most of these changes are the result of an in current assets relative to current

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 13E: Ratio of liabilities to stockholders equity and times interest earned The following data were taken...

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