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Balance Sheet Balance Sheet as of: Dec-31-2018 Dec-31-2019 Currency Million USD Million USD ASSETS Cash and Equivalents 47.0 37.0 Total Cash & ST Investments 47.0
Balance Sheet Balance Sheet as of: Dec-31-2018 Dec-31-2019 Currency Million USD Million USD ASSETS Cash and Equivalents 47.0 37.0 Total Cash & ST Investments 47.0 37.0 Accounts Receivable 28.0 - Other Receivables - - Total Receivables 28.0 - Inventory 37.0 40.0 Total Current Assets 112.0 77.0 LIABILITIES Accounts Payable 85.0 77.0 Accrued Exp. 23.0 27.0 Current Portion of LT Debt 3.5 4.2 Current Portion of Leases 1.2 1.5 Total Current Liabilities 112.7 109.7 Compute this company's current ratio, quick ratio and cash ratio in2018 and 2019. Just do the calculation and keep the answers to two decimal points; there is no need to discuss anything. (12 points) (2 points per answer) 2018 2019 Current Ratio Quick Ratio Cash Ratio
| Balance Sheet | ||
| Balance Sheet as of: | ||
| Dec-31-2018 | Dec-31-2019 | |
| Currency | Million USD | Million USD |
| ASSETS | ||
| Cash and Equivalents | 47.0 | 37.0 |
| Total Cash & ST Investments | 47.0 | 37.0 |
| Accounts Receivable | 28.0 | - |
| Other Receivables | - | - |
| Total Receivables | 28.0 | - |
| Inventory | 37.0 | 40.0 |
| Total Current Assets | 112.0 | 77.0 |
| LIABILITIES | ||
| Accounts Payable | 85.0 | 77.0 |
| Accrued Exp. | 23.0 | 27.0 |
| Current Portion of LT Debt | 3.5 | 4.2 |
| Current Portion of Leases | 1.2 | 1.5 |
| Total Current Liabilities | 112.7 | 109.7 |
| Compute this company's current ratio, quick ratio and cash ratio in2018 and 2019. Just do the calculation and keep the answers to two decimal points; there is no need to discuss anything. (12 points) | ||
| (2 points per answer) | ||
| 2018 | 2019 | |
| Current Ratio | ||
| Quick Ratio | ||
| Cash Ratio |
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Statistics Informed Decisions Using Data
Authors: Michael Sullivan
5th Global Edition
1292157119, 978-1292157115
