Explain and Give recommendation and lesson learned

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter8: Current And Contingent Liabilities
Section: Chapter Questions
Problem 17MCQ
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Explain and Give recommendation and lesson learned

LIQUIDITY RATIOS
Current asset
Current Liabilities
CURRENT RATIO
Quick Assets
Current Liabilities
QUICK RATIO
Cash and cash equivalents
Current Liabilities
CASH RATIO
2016
45,453
39,868
1.14
43,942.00
39,868
1.10
10,476
39,868
0.26
2017
55,657
55,594
1.00
54,920.00
55,594
0.99
18,767
55,594
0.34
2018
57,490
45,524
1.26
56,685.00
45,524
1.25
23,727
45,524
0.52
2019
56,796
51,010
1.11
55,720.00
51,010
1.09
20,491
51,010
0.40
2020
72,440
42,845
1.69
71,962.00
42,845
1.68
43,497
42,845
1.02
Transcribed Image Text:LIQUIDITY RATIOS Current asset Current Liabilities CURRENT RATIO Quick Assets Current Liabilities QUICK RATIO Cash and cash equivalents Current Liabilities CASH RATIO 2016 45,453 39,868 1.14 43,942.00 39,868 1.10 10,476 39,868 0.26 2017 55,657 55,594 1.00 54,920.00 55,594 0.99 18,767 55,594 0.34 2018 57,490 45,524 1.26 56,685.00 45,524 1.25 23,727 45,524 0.52 2019 56,796 51,010 1.11 55,720.00 51,010 1.09 20,491 51,010 0.40 2020 72,440 42,845 1.69 71,962.00 42,845 1.68 43,497 42,845 1.02
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