Question
Safer Company has the following financial data on January 1, 2012 and January 1, 2013. 1/1/12 1/1/13 Cash $10,000 $22,000 Accounts receivable 23,000 11,000 Marketable
Safer Company has the following financial data on January 1, 2012 and January 1, 2013.
|
| 1/1/12 | 1/1/13 |
| Cash | $10,000 | $22,000 |
| Accounts receivable | 23,000 | 11,000 |
| Marketable securities | 3,000 | 10,000 |
| Inventory | 16,000 | 35,000 |
| Net plant and equipment | 40,000 | 32,000 |
|
|
|
|
| Current liabilities | $13,000 | $22,000 |
| Long-term debt | 49,000 | 30,000 |
| Stockholders' equity | 30,000 | 58,000 |
1. Calculate the relevant ratios to answer the following question. Show your work and ratios.
2.Did the liquidity position of Safer improve, remain the same, or decline during 2012?
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Unclaimed Property A Reporting Process And Audit Survival Guide
Authors: Tracey L. Reid
1st Edition
0470278242, 978-0470278246
