Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

44 01:20:03 The following is selected simplified Information from Organic Catering's balance Sheet as at December 31, 2023 and December 21, 2024. (Round the final

44 01:20:03 The following is selected simplified Information from Organic Catering's balance Sheet as at December 31, 2023 and December 21, 2024. (Round the final answer to two decimal places.) (Numbers in thousands) Cash Accounts receivable Notes receivable (current) Inventories Prepaid expenses and other (current) assets Current liabilities Total liabilities Shareholders' equity Source: Organic Catering 2024 Annual Report. Calculate the current ratio and quick ratio. Current Ratio Quick Ratio 2024 2023 $ 2024 6.501 5 4,363 123 190 Saved 11,961 21,776 45.964 2023 1265 198 16.620 31.980 56.700
image text in transcribed
The following ia selected simplified intormation trom Organie Catering b balance sheet ias at December 312023 and December at. 2024. (Round the finol onswer to two decimal ploces.) Sourec: Organc Catering 2024 Anmas Repor: Celculole lire currentratio and quick isble. The following ia selected simplified intormation trom Organie Catering b balance sheet ias at December 312023 and December at. 2024. (Round the finol onswer to two decimal ploces.) Sourec: Organc Catering 2024 Anmas Repor: Celculole lire currentratio and quick isble

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

Step: 3

blur-text-image

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

Financial And Managerial Accounting

Authors: Susan F. Haka ,Joseph V. Carcello ,Jan R. Williams

18th Edition

1259922189, 978-1259922183

More Books

Students also viewed these Accounting questions

Question

understand the meaning of the terms discipline and grievance

Answered: 1 week ago