Data taken from the financial statements of FleetSneak, a designer and manufacturer of athletic footwear and apparel,

Question:

Data taken from the of FleetSneak, a designer and manufacturer of athletic footwear and apparel, appear as follows (amounts in millions of US$):

Data taken from the financial statements of FleetSneak, a designer

a. Compute the current and quick ratios on May 31 of each year.
b. Compute the cash flow from operations to current liabilities ratio and the accounts receivable, inventory, and accounts payable turnover ratios for 2011, 2012, and 2013.
c. How has the short-term liquidity risk of FleetSneak changed during the three-yearperiod?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...