Consider the following information taken from Chicago Water Slide's (CWS's) financial statements: Also, CWS's operating cash flows
Question:
Consider the following information taken from Chicago Water Slide's (CWS's) financial statements:
Note: Round all answers to two decimal places.
Required:
1. Calculate the current ratios for 2019 and 2018.
2. Calculate the quick ratios for 2019 and 2018.
3. Calculate the cash ratios for 2019 and 2018.
4. Calculate the operating cash flow ratios for 2019 and 2018.
5. Provide some reasons why CWS's liquidity may be considered to be improving and some reasons why it may be worsening.
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