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12-Months Ending Selected Financial June 30, 2020 June 30, 2019 June 30, 2018 Inventory 678.2 858.9 1,148.9 Current Asset 6,495.0 3,270.8 3,651.0 Current Liabilities 3,585.7
| 12-Months Ending | ||||||
| Selected Financial | June 30, 2020 | June 30, 2019 | June 30, 2018 | |||
| Inventory | 678.2 | 858.9 | 1,148.9 | |||
| Current Asset | 6,495.0 | 3,270.8 | 3,651.0 | |||
| Current Liabilities | 3,585.7 | 3,475.2 | 13,113.7 | |||
| Requirements | ||||||
| a. Please explain what information is communicated by the Quick Ratio? | ||||||
| b. Please compute and analyze the Quick Ratio for FY 2019 and FY 2018. | ||||||
| c. Make one recommendation for improvement/efficiency based on your analysis. | ||||||
| Formula: | ||||||
| Quick Ratio: | (Current Assets - Inventory) / Current Liabilities | |||||
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
9781285586618
