Current Position AnalysisThe following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years:Current YearPrevious YearCurrent assets:CashMarketable securitiesAccounts and notes receivable (net)InventoriesPrepaid expensesTotal current assetsCurrent liabilities:Accounts and notes payable(short-term)Accrued liabilitiesTotal current liabilitiesa. Determine for each year (1) the workingCurrent Year1. Working capital2. Current ratio3. Quick ratiob. The liquidity of Nilo hascurrent assets relative to current liabilities.$690,500799,500327,0001,042,800537,200.$3,397,000$458,200$579,600652,100217,300673,400430,600$2,553,000$483,000331,800207,000$790,000$690,000capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place.Previous Yearfrom 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 anin

Current and quick ratio are the measures which help the entity to measure its liquidity position.…

The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities $458,200 $483,000 331,800 $790,000 207,000 $690,000 Total current liabilities a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year 1. Working capital $ 2. Current ratio $690,500 799,500 327,000 1,042,800 537,200 $3,397,000 3. Quick ratio b. The liquidity of Nilo has current assets relative to current liabilities. $579,600 652,100 217,300 673,400 430,600 $2,553,000 from the preceding year to the current year. The working capital, current ratio, and quick ratio have all i Most of these changes are the result of an [ in

The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities $458,200 $483,000 331,800 $790,000 207,000 $690,000 Total current liabilities a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year 1. Working capital $ 2. Current ratio $690,500 799,500 327,000 1,042,800 537,200 $3,397,000 3. Quick ratio b. The liquidity of Nilo has current assets relative to current liabilities. $579,600 652,100 217,300 673,400 430,600 $2,553,000 from the preceding year to the current year. The working capital, current ratio, and quick ratio have all i Most of these changes are the result of an [ in

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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