Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Find Current ratio & Quick Ratio for below table and compare the company performance duration past years: Balance Sheet (USD $ millions] 2014 2015

image text in transcribed

1. Find Current ratio & Quick Ratio for below table and compare the company performance duration past years: Balance Sheet (USD $ millions] 2014 2015 2016 2017 2018 Assets Current assets: Cash Marketable Securities 167,971 4,000 181,210 4,000 183,715 4,000 211,069 4,000 Accounts Receivable 5,100 4,806 5,904 5,513 6,567 5,170 9,825 7,117 5,998 239,550 4,000 7,539 5,682 11,342 268,112 Prepaid expenses Inventory Total current assets 7,805 189,682 9,601 206,228 10,531 238,715 209,277 Property & Equipment Goodwill Total Assets 45,500 3,580 42,350 3,460 252,038 40,145 3,910 38,602 3,870 37,521 3,850 238,762 253,332 281,187 309,483 3,902 4,912 Liabilities Current liabilities: Accounts Payable Accrued expenses Unearned revenue Total current liabilities 5,265 1,865 1,320 1,540 6,762 4,800 1,541 1,560 7,901 1,662 1,853 8,427 5,671 1,899 1,724 9,294 1,952 9,082 Long-term debt Other long-term liabilities Total Liabilities 50,000 5,526 62,288 50,000 5,872 30,000 5,565 43,992 30,000 6,051 30,000 5,909 45,203 63,773 45,133 2014 2015 2016 2017 2018 Current ratio Quick Ratio

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting

Authors: John Burns, Martin Quinn, Liz Warren, João Oliveira

1st Edition

0077121619, 978-0077121617

More Books

Students also viewed these Accounting questions

Question

Sketch the following curves. y = x 4 - 2x 2

Answered: 1 week ago