The condensed statements of Organic Grocery Corporation follow. Required 1. Calculate each year?s current ratio. 2. Express

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The condensed statements of Organic Grocery Corporation follow.

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Required

1. Calculate each year?s current ratio.

2. Express the income statement data in common-size percentages.

3. Express the balance sheet data in trend percentages with 2018 as the base year.

Analysis Component: Comment on any significant relationships revealed by the ratios and percentages.

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Related Book For  book-img-for-question

Fundamental Accounting Principles Volume II

ISBN: 978-1260305838

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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