12. Below is the asset part of the balance sheet for Le Chateau for the year

ended 2019.

As at January 26, 2019 and January 27, 2018

[in thousands of Canadian dollars]

ASSETS

Current assets

Accounts receivable

Income taxes refundable

Inventories

Prepaid expenses

Total current assets

Deposits

Property and equipment

Intangible assets

2019

2018

1.031

957

440

449

86.487

89.911

1,976

1.747

89.934

93.064

485

485

21.648

27,052

1.831

434

113.808

173.035

The silos for Le Chateau for 2019 were 5190.850.000 2015,

(2018-$27,343.000).

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13.

Discussion Questions and Problems

(a) Calculate the current ratio for 2019 and 2018.

(b)

Calculate the quick ratio for 2019 and 2018.

(c)

Calculate the inventory turnover ratio for 2018 and 2019.

(d)

Calculate the reccivables turnover ration for 2018 and 2019.

(e)

Has Le Chateau's liquidity improved from 2018 to 2019? Explain.