Grangel Company reported the following current assets and liabilities for December 31, 2012 and 2011: a. Compute

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Grangel Company reported the following current assets and liabilities for December 31, 2012 and 2011:

a. Compute the quick ratio for December 31, 2012 and 2011.
b. Interpret the company's quick ratio. Is the quick ratio improving ordeclining?

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Financial Accounting

ISBN: 978-1133952428

12th Edition

Authors: Warren, Reeve, Duchac

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Question Posted: May 07, 2012 06:23 AM

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Grangel Company reported the following current assets and liabilities for December 31, 2012 and 2011: a. Compute

Question:

Cash Temporary investments Accounts receivable Inventory Accounts payable Dec. 31, 2012 620 1,330 850 1,000 2,800 Dec. 31, 2011 560 1,250 830 1,000 2,200

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