Question
Balance Sheet Problem 1992 1993 1994 Annual Sales Growth (over prior yr) + 1% 0% +1% Current Ratio 3.5X 2X 1.2X Average Collection Period 25
Balance Sheet Problem 1992 1993 1994 Annual Sales Growth (over prior yr) + 1% 0% +1% Current Ratio 3.5X 2X 1.2X Average Collection Period 25 days 30 days 55 days
What is happening to liquidity? What are some follow-up questions you would ask?
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Accounting A Systems Approach
Authors: Alison Warman, Jeff Davies
1st Edition
1861520379, 978-1861520371
