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Discuss the earning quality of the Petro Co. Company based on the following information. Show all your calculations. (10 MARKS) Cash and Cash Equivalent

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Discuss the earning quality of the Petro Co. Company based on the following information. Show all your calculations. (10 MARKS) Cash and Cash Equivalent Inventory Total Receivables Allowance for Doubtful Accounts Net Accounts Receivables 2017 30-Sep 2017 30-Jun $ 2,300.00 $ 2,000.00 $ 6,200.00 $ 2,000.00 $ 111,800.00 $ 110,050.00 $ - 10,000.00 S-10,109.00 $ 101,691.00 $ 2017 31-Mar $ 500.00 $ 5,300.00 $ 99,915.00 $ -9,500.00 100,050.00 $ 90,415.00

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