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The compatives of the Pool, we tor 2009, 2010, and 2018 inced the following us Read more Computer and 2018 on your travel. XXX 2010
The compatives of the Pool, we tor 2009, 2010, and 2018 inced the following us Read more Computer and 2018 on your travel. XXX 2010 2010 1. Comes 2000 2010 200 Besh 2. Which proved from 2000 and wie w much of the trender? 2. Recomand way for Tre Beauty Prawo 355 19 130 250 w TO 40 $ 1 P The comparative financial statements of The Beauty Pools, Inc. for 2020, 2018 and 2018 included the following select data m the con to view the comparative financial data) Read the moment Requirement ta. Compute the current ratios for 2020 and 2018. Round your final answers to two decimals, XXX) 2020 2019 Current 1.62 Requirement. b. Compute the quick (ost) ratios for 2020 and 2019. (Round your final answers to two decimal plass XXX) 2020 2019 Quick-strato 0.82 Requirement to compute the daye sales outstanding for 2020 and 2010. (Found interim calculations to two decimal places, XX. XX and the amounts you enter into the answer boxes (50 up to the next whole day) 2020 2019 Days' sales outstanding (SO) days (In millions) 2020 2019 2018 Balance sheet Current assets: Cash $ 80 $ 75 $ 55 145 190 130 . Investment in trading securities Receivables, net of allowance for uncollectible accounts of $7, $6, and $4, respectively 260 270 230 Inventories 370 345 305 Prepaid expenses 70 40 60 Total current assets $ 925 $ 920 $ 780 Total current liabilities $ 570 $ 650 $ 650 Income statement Net sales (all on account) $ 6,625 $ 5,500 $ 4,015 a. 1. Compute the following ratios for 2020 and 2019: 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 True Beauty Pools to improve cash flows from receivables
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