These selected condensed data are taken from recent balance sheets of Sally Sewing Ltd. (in thousands). Instructions

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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.

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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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Question Posted: Jan 30, 2023 05:29 AM

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These selected condensed data are taken from recent balance sheets of Sally Sewing Ltd. (in thousands). Instructions

Question:

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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Accounting Principles Volume 2

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