Question
Marquis and Bloom Company are similar firms that operate in the same industry. The following data on each company is below: Marquis Company Bloom Company
Marquis and Bloom Company are similar firms that operate in the same industry. The following data on each company is below: Marquis Company Bloom Company 2020 2021 2022 2020 2021 2022 Current Ratio 2.2 2.9 3.0 2.4 2.0 2.0 Acid-test ratio 1.8 2.4 3.2 1.1 1.3 1.0 Accounts Receivable Turnover 11.5 11.0 12.0 12.9 12.5 13.4 Merchandise inventory Turnover 9.8 9.2 9.9 11.8 13.9 14.1 Working Capital $55,000 $72,000 $78,000 $69,000 $77,000 $89,000 Required:
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
978-0078025914
