Question
7-Financial Analysis and Decision Making The following information is available from the financial statements of Complete Home Furnishings. The company is a manufacturer of home
7-Financial Analysis and Decision Making The following information is available from the financial statements of Complete Home Furnishings. The company is a manufacturer of home furnishings, and its sales are mainly on credit. Sales. Cost of goods sold. Beginning inventory.. Ending inventory. Total current assets. Total current liabilities.. Instructions (in millions) 2016 2015 $76,704 $69,656 49,761 47,257 26,031 14,816 34,162 26,031 87,246 76,857 33,589 33,671 You will be evaluating the company "Complete Home Furnishings" 1) Calculate the company's liquidity ratios. Complete the table below. Show your work. Current Ratio Inventory Turnover Days in Inventory Quick Ratio 2) Analyse the company's liquidity. 2016 Focus 2015
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