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accounts my exam is going on please send the answer as soon as possible 01. Hill Roy Corporation has asked the count department to determine
accounts my exam is going on please send the answer as soon as possible
01. Hill Roy Corporation has asked the count department to determine whether the company's ability to pay its current libilities and long-term deles improved or deteriorated during current year. To answer this question, compute the following ratios for current year and preceding year Current ratio b. Quick (held-test) ratio Debt ratio d. Times-interest-eamed ratio e. Prepare a small report based on your analysis of the following financial statement data in a written report format. Current Year Preceding Year Balance Sheet Cash Short-term investments Net receivables Inventory Prepaid expenses Total current asset Total current liabilities Income Statement Net credit sales Cost of goods sold $ 17.000 11.000 64.000 77.000 16,000 S185.000 $111.000 $ 22.000 20.000 73.000 71.000 8.000 $200.000 5 91.000 5654.000 327,000 01. Hill Roy Corporation has asked the count department to determine whether the company's ability to pay its current libilities and long-term deles improved or deteriorated during current year. To answer this question, compute the following ratios for current year and preceding year Current ratio b. Quick (held-test) ratio Debt ratio d. Times-interest-eamed ratio e. Prepare a small report based on your analysis of the following financial statement data in a written report format. Current Year Preceding Year Balance Sheet Cash Short-term investments Net receivables Inventory Prepaid expenses Total current asset Total current liabilities Income Statement Net credit sales Cost of goods sold $ 17.000 11.000 64.000 77.000 16,000 S185.000 $111.000 $ 22.000 20.000 73.000 71.000 8.000 $200.000 5 91.000 5654.000 327,000Step by Step Solution
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