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Gildan Activewear Inc. is a leading manufacturer and marketer of family apparel, including T-shirts, fleece, sport shirts, socks, and shapewear. Its brands include American Apparel
Gildan Activewear Inc. is a leading manufacturer and marketer of family apparel, including T-shirts, fleece, sport shirts, socks, and shapewear. Its brands include American Apparel and Gold Toe. The following data (in thousands of U.S. dollars) were taken from Gildans financial statements: education way.com Wien + Lab #4 W2021 -/18 Question 4 of 6 Gildan Activewearing ha leading manufacturer and marketer of family apparel, including T-shirts, fleece sport shirts, socks and shapewear its brand include American Apparel and Gold Ton. The followine data in thousands of US dollars) were taken from Gildan's fancial statement December 31, January 1 January 3, 2017 2017 2016 Cash and cash equivalents $52.795 $38,197 550.675 Trade accounts receivable 2431365 277,733 306,132 Investors 945.738 954876 351.033 Income tax rechivale 3891 Prepaid pere deposits and other current 62.092 69,21% 45774 Current 1.307.581 1.30,525 1253,614 Current 252476 235.928 238.221 Calculate the workers Capital current ratio and the test fatla tor each year. Hound cwrent ratio and acid test ratio answers to 2 decimal place, 1.25:13 December 31, 2017 January 1, 2017 January 2, 2016 Warine C Current Addest ratio MacBook SO ! $ 4 % 5 2 3 & 7 6 8 9 Q W E R I YU 0 Tab ent wych WP Assement Per Application Lab#4-W2021 Question 4 of 6 -/18 E Current liabilities 258,476 235,928 233,221 Calculate the working capital, current ratio, and acid-test ratio for each year. (Round current ratio and acid-test ratio answers to 2 decimal places, C.S. 1.75:1) December 31, 2017 January 1, 2017 January 3, 2016 Working Capital S Current Ratio Acid-test ratio 1 Comment on Gildan's liquidity on December 31, 2017.compared with the two previous years Gild's liquidity from prior years Attempt of 2 used Sant A MacBook Air 2009 17 $ 4 2 * % 5 3 6 & 7 8 9 W
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