Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer quick all requirments are attached.. thanks Data table Requirements 1. Compute the following ratios for 2020 and 2019: a. Current ratio b. Quick

please answer quick all requirments are attached.. thanks
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Data table Requirements 1. Compute the following ratios for 2020 and 2019: a. Current ratio b. Quick (acid-test) ratio c. Days' sales outstanding 2. Which ratios improved from 2019 to 2020 and which ratios deteriorated? Are each of the trends favorable or unfavorable? 3. Recommend two ways for Northend Pools to improve cash flows from receivables. The comparative financial statements of Northend Pools, Inc, for 2020, 2019, and 2018 included the following select data Read the requirements: Requirement 1. a. Compute the current ratios for 2020 and 2019. (Round your final answers to two decimal places, Requirement 1. b. Compute the quick (acid-test) ratios for 2020 and 2019 . (Round your final answers to two. decimal places, X,XX) Requirement 1. c. Compute the days' sales outstanding for 2020 and 2019. (Round interim calculations to two decimal places, XXXX and the amounts you enter into the answer boxes (DSO) up to the next whole day) Requirement 2. Which ratios impiovod from 2019 to 2020 and which ratios detenorated? Is this trend favorable of unfavorable? Requirement 1. c. Compute the days' sales outstanding for 2020 and 2019. (Round interim calculations to two decimal places, XXXX and the amounts you enter into the answer boxes (DSO) up to the next whole day.) Requirement 2. Which ratios improved from 2019 to 2020 and which ratios deteriorated? Is this trend favorable or unfavorable? The current ratio from 2019 to 2020 . The quick ratio from 2019 to 2020 . The days' sales outstanding This trend the company Requirement 3. Recommend two ways for Northend Pools to improve cash flows ffom receivables, Northend Pools can improve cash flows from receivables bv . iithar. ind/or \begin{tabular}{c|c|c|} & 2020 & 2019 \\ \hline Days' sales outstanding (DSO) = & days & days \end{tabular} eriorated? Is this converting some accounts receivables to long-term note receivable from 2019 to 2 discontinuing the use of credit cards 1 offering discounts for early payments Ns from receivable and/or

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Susan V. Crosson, Belverd E. Needles

8th Edition

9780618777174, 618777180, 618777172, 978-0618777181

More Books

Students also viewed these Accounting questions