Retail Ltd operates stores in numerous states. Selected financial statement data (in thousands of dollars) for the
Question:
Retail Ltd operates stores in numerous states. Selected financial statement data (in thousands of dollars) for the year ended 30 June 2016 are as follows:
For the year, net sales revenue was $1 109 934 and cost of sales was $628 197 (in thousands).
Required
(a) Calculate the working capital and current ratio at the beginning of the year and at the end of the current year.
(b) Did Retail Ltd’s liquidity improve or worsen during the year?
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Related Book For
Financial Accounting Reporting Analysis And Decision Making
ISBN: 9780730313748
5th Edition
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
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