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Short-Term Liquidity Ratios The financial statements for Giardi Corporation, a retailer, follow. Giardi Corporation Consolidated Income Statements (Millions of dollars, except per share data) December
Short-Term Liquidity Ratios The financial statements for Giardi Corporation, a retailer, follow.
Required: 1. Compute the four short-term liquidity ratios for 2012 and 2013 assuming operating cash flows are $281 million and $460 million, respectively. Round your answers to two decimal places.
2. Conceptual Connection: Indicate which ratio appears to be most appropriate for a retail organization? Select current ratio, quick ratio, cash ratio |
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