Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help with accounting details and verification. I'm not sure if I have the right information for theCurrent ratio, Recivables turnover ratio, and Quick Ratio

Please help with accounting details and verification. I'm not sure if I have the right information for theCurrent ratio, Recivables turnover ratio, and Quick Ratio sections. Then could I get assistance in explaining three fact about the financial health of CVS. Questions one and two. Web site used for Information to solve problem. HTTPS://www.nasdaq.com/symbol/cvs/financial?query=income-statement image text in transcribed
Profitability Ratio CVS Health Corporation- Profitability Ratio Ratio 2016 S in 000' S in 000' Sin 000" 31229,000 31.042,000 29,158,000 57.440000 57,632.000 55,241,000 Formula 2017 2015 Current Current Assets Ratio Current Liabilities 1.84% 1.86% 1.89% Receivables Sales Turnover Ratio 6,622,0005,23700 5,237.000 Accounts Receivable 941,000 1,594,000 234,000 22.72% 1.696,000 3,371000 2.459.000 7.03% 3.29% Quick Ratos Cash Like Current Liabilities) 57.440,000 57,632,000 55.241,000 33.87% 17.10% 22.46% (https://www.nasdaq.com/symbol/evs/financials?query income-statement) (https://www.nasdaq.com/symbol/evs/financials?query balance-sheet), Provide a clear discussion of what the results tell you about the financial health of the organization. Were you aware of the company's performance in these areas? Explain three facts that you learned about the company

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_2

Step: 3

blur-text-image_3

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

Cost Management Accounting And Control

Authors: Don R. Hansen, Maryanne Mowen

2nd Edition

0538864451, 978-0538864459

More Books

Students also viewed these Accounting questions