FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The current ratio of a company for 2020 is 3.5 vs industry average of 1.. and the quick ratio is 1.35 vs industry average of

image text in transcribed
The current ratio of a company for 2020 is 3.5 vs industry average of 1.. and the quick ratio is 1.35 vs industry average of 1.35. This implies: Longer period for payables vs receivables Current liabilities increased Current assets lower than the industry average Higher inventory levels vs the industry

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

The Wall Street Mba

The Wall Street Mba

Authors: Reuben Advani

2nd Edition

007178831X, 9780071788311

More Books

Students also viewed these Accounting questions

Question

★★★★★
Pedro, age 57, is the sole owner of his principal residence, which he has owned and occupied for 10 years. Maria, his spouse, has also lived there 10 years. He sells the house for a realized gain of...

Answered: 1 week ago

Question

★★★★★
On New Years Eve, the probability of a person driving while intoxicated or having a driving accident is 0.35. If the probability of driving while intoxicated is 0.32 and the probability of having a...

Answered: 1 week ago

Question

★★★★★
What is potential GDP?

Answered: 1 week ago

Question

★★★★★
Alternative denominator-level capacity concepts effect on operating income. Lucky Lager has just purchased the Austin Brewery. The brewery is two years old and uses absorption costing. It will sell...

Answered: 1 week ago

Question

★★★★★
The following transactions occurred during March 2018 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. Issued 34,000 shares of common stock in exchange for...

Answered: 1 week ago

Question

★★★★★
Consider the three stocks in the following table. Pt represents price at time t, and Qt represents shares outstanding at time t. Stock splits two for one in the last period. Calculate the...

Answered: 1 week ago

Question

★★★★★
Discuss the techniques of sales forecasting.

Answered: 1 week ago

Question

★★★★★
Write short notes on Marketing mix.

Answered: 1 week ago

Question

★★★★★
Explain the product life cycle and discuss the various stages of product life cycle.

Answered: 1 week ago

Question

★★★★★
Explain the marketing strategies to be adopted at each stage of product life cycle.

Answered: 1 week ago

Question

★★★★★
Analyse the process of new product of development.

Answered: 1 week ago

Previous Question Next Question