These selected condensed data are taken from recent balance sheets of Sally Sewing Ltd. (in thousands). Instructions
Question:
These selected condensed data are taken from recent balance sheets of Sally Sewing Ltd. (in thousands).
Instructions
Compute the current ratio for each year and comment on your results.
Transcribed Image Text:
Cash Accounts receivable (net) Inventory Other current assets Total current assets Total current liabilities 2024 $ 13,606 23,045 31.087 12,522 $ 80,260 $245,805 2023 $ 7,669 19,951 31,345 11,909 $ 70,874 $326,203
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Related Book For
Accounting Principles Volume 2
ISBN: 9781119786634
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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