Consider the following information taken from GER's financial statements: Also, GER's operating cash flows were $12,829 and
Question:
Consider the following information taken from GER's financial statements:
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Note: Round all answers to two decimal places.
Required:
1. Calculate the current ratios for 2020 and 2019.
2. Calculate the quick ratios for 2020 and 2019.
3. Calculate the cash ratios for 2020 and 2019.
4. Calculate the operating cash flow ratios for 2020 and 2019.
5. Provide some reasons why GER's liquidity may be considered to be improving and some reasons why it may be worsening.
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Step by Step Answer:
1 Current Ratio Current AssetsCurrent Liabilities 2020 6795938809 175 2019 3969022518 176 ...View the full answer
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