{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-06T11:11:37-04:00", "answer_date": "2024-06-06 11:11:37", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2361028", "url": "\/study-help\/questions\/3-the-comparative-financial-statements-of-true-beauty-pools-inc-2361028", "question_creation_date_js": "2024-06-06T11:11:37-04:00", "question_creation_date": "Jun 06, 2024 11:11 AM", "meta_title": "[Solved] 3. The comparative financial statements o | SolutionInn", "meta_description": "Answer of - 3. The comparative financial statements of True Beauty Pools. Inc.. for 2013, 2012, and 2011 included the following se | SolutionInn", "meta_keywords": "3,comparative,financial,statements,true,beauty,pools,inc,2013,2012,2011,included", "question_title_h1": "3. The comparative financial statements of True Beauty Pools. Inc.. for 2013, 2012, and 2011 included the following select data: Balance sheet 2013 (In millions)", "question_title": "3. The comparative financial statements of True Beauty Pools. Inc.. for 2013,", "question_title_for_js_snippet": "3 The comparative financial statements of True Beauty Pools Inc for 2013, 2012, and 2011 included the following select data Balance sheet 2013 (In millions) 2012 2011 Current assets Cash $ 80 $ 60 S 40 Short term investments 135 155 110 Receivables, net of allowance for doubtful accounts of $7, $6, and $4, respectively 270 260 230 Inventories 365 330 300 Prepaid expenses 70 15 55 Total current assets $920 $ 820 $ 735 Total current liabilities $ 590 $ 630 $ 690 Income statement Net sales $5,850 $5,110 $4,210 Compute these ratios for 2013 and 2012 a Current ratio b Quick (acid test) ratio c Days sales in receivables d Which ratios improved from 2012 to 2013 and which ratios deteriorated Is this trend favorable or unfavorable (Show your solution step by step)", "question_description": "\"image 3. The comparative financial statements of True Beauty Pools. Inc.. for 2013, 2012, and 2011 included the following select data: Balance sheet 2013 (In millions) 2012 2011 Current assets: Cash...... $ 80 $ 60 S 40 Short-term investments 135 155 110 Receivables, net of allowance for doubtful accounts of $7, $6, and $4, respectively 270 260 230 Inventories... 365 330 300 Prepaid expenses..... 70 15 55 Total current assets. $920 $ 820 $ 735 Total current liabilities. $ 590 $ 630 $ 690 Income statement Net sales.. $5,850 $5,110 $4,210 Compute these ratios for 2013 and 2012: a. Current ratio b. Quick (acid-test) ratio c. Days sales in receivables d. Which ratios improved from 2012 to 2013 and which ratios deteriorated? Is this trend favorable or unfavorable? (Show your solution step by step)", "transcribed_text": "", "related_book": { "title": "Elementary Statistics", "isbn": "0321836960, 978-0321836960", "edition": "12th Edition", "authors": "Mario F. Triola", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/450.jpg", "uri": "\/textbooks\/elementary-statistics-12th-edition-450", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8376133392", "uri": "\/textbooks\/the-key-to-unlocking-the-ged-science-test-1st-edition-979-8376133392-341679", "name": "The Key To Unlocking The Ged Science Test", "edition": "1st Edition" }, "question_posted": "2024-06-06 11:11:37", "see_more_questions_link": "\/study-help\/questions\/business-general-management-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/based-on-the-description-of-general-motors-in-this-chapter", "description": "Based on the description of General Motors in this chapter, give some examples of differentiation in that organization. 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