The following data is available for White Ltd and Wong Ltd. Required (a) Calculate all the intra-entity
Question:
The following data is available for White Ltd and Wong Ltd.
Required
(a) Calculate all the intra-entity comparisons in relation to liquidity that the data allows for White Ltd.
(b) Why is it helpful to prepare intra-entity, inter-entity and industry comparisons when evaluating an entity?
Transcribed Image Text:
Cost of sales Current assets Cash + receivables + marketable securities Net receivables Inventory Total assets Current liabilities Total liabilities White 2016 $'000 17988 9998 6800 3995 3100 35648 7770 18231 White 2015 $'000 18038 10151 6870 4389 2290 34628 7753 17 394 Wong 2016 $'000 15762 9130 6547 3725 1926 29930 6860 14562 Wong 2015 $'000 16002 10 200 7300 3500 2001 33 000 7200 12450
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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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