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calculate in which year Office Depot has the greatest financial liquidity using the data provid

calculate in which year Office Depot has the greatest financial liquidity using the data provid

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 13MCQ
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How can I calculate in which year Office Depot has the greatest financial liquidity using the data provided

Office Depot Balance Sheet Assets Current assets: Cash and cash equivalents Short-term investments Receivables Merchandise inventory Deferred income taxes Prepaid expenses Current Assets Fixed assets Total Assets Liabilities and Equity Current Liabilities Long-Term Debt Shareholders' equity Liabilities and Equity 1998 704541 10424 721446 1258355 5242 33 2780435 1244848 4025283 1487065 509339 2028879 4025283 1999 218784 0 849478 1436879 68279 58 2631052 1645131 4276183 1944045 424418 1907720 4276183 Office Depot Income Statement Sales Lest Cost of Sales Gross Profit Less: Operating expense Operating Income nterest Income before taxes Less: Taxes Net Income 1998 1999 8997738 10263280 6484464 7450310 2513274 2812970 2108515 2399697 404759 22356 382403 413379 26148 387225 149207 129585 233196 257638
Transcribed Image Text:Office Depot Balance Sheet Assets Current assets: Cash and cash equivalents Short-term investments Receivables Merchandise inventory Deferred income taxes Prepaid expenses Current Assets Fixed assets Total Assets Liabilities and Equity Current Liabilities Long-Term Debt Shareholders' equity Liabilities and Equity 1998 704541 10424 721446 1258355 5242 33 2780435 1244848 4025283 1487065 509339 2028879 4025283 1999 218784 0 849478 1436879 68279 58 2631052 1645131 4276183 1944045 424418 1907720 4276183 Office Depot Income Statement Sales Lest Cost of Sales Gross Profit Less: Operating expense Operating Income nterest Income before taxes Less: Taxes Net Income 1998 1999 8997738 10263280 6484464 7450310 2513274 2812970 2108515 2399697 404759 22356 382403 413379 26148 387225 149207 129585 233196 257638
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