Determine for each year 1 capital, 2 the current ratio, and 3 the quick ratio. Round ratio to one decimal place 1. Working capital 2. Current ratio 3. Quick ratio Current year. Previous years $ $ B. the liquidity of Nilo has _______from the preceding year to the current year. The working capital, current ratio, and quick ratio have all ___________ most of these changes are the result of an _______in current assets relative to current liabilities
Determine for each year 1 capital, 2 the current ratio, and 3 the quick ratio. Round ratio to one decimal place 1. Working capital 2. Current ratio 3. Quick ratio Current year. Previous years $ $ B. the liquidity of Nilo has _______from the preceding year to the current year. The working capital, current ratio, and quick ratio have all ___________ most of these changes are the result of an _______in current assets relative to current liabilities
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter17: Financial Statement Analysis
Section: Chapter Questions
Problem 20E: Five measures of solvency or profitability The balance sheet for Garcon Inc. at the end of the...
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Current position analysis the following data were taken from the balance sheet of Nilo company at the end of the two recent Fisher years;
Current assets:
Cash
Marketable securities
Account and note receivable (net)
Inventories
Prepaid expenses
Total Current assets
Current liabilities
Account and notes payable
( short-term)
Accrued liabilities
Total Current liabilities
Current year
$417,000 cash
483,100 Marketable securities
197,700 acct not receivable ( net)
845,500 inventory
435,500 prepaid
2,379,000 Total Current assets
Previous year
$339,200 cash
381,600 Marketable securities
127,200 access note receivable ( net)
614,300 inventory
392,700 prepaid expenses
1,855,000 Total Current assets
Current year
Current liabilities
Short term $353,800
Accrued liabilities 256,200
Total Current liabilities $610,000
Previous year
Short term $371,000
Accrued liabilities 159,000
Total Current liabilities $530,000
A. Determine for each year 1 capital, 2 the current ratio, and 3 the quick ratio. Round ratio to one decimal place
1. Working capital
2. Current ratio
3. Quick ratio
Current year. Previous years
$
$
B. the liquidity of Nilo has _______from the preceding year to the current year.
The working capital, current ratio, and quick ratio have all ___________ most of these changes are the result of an _______in current assets relative to current liabilities.
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