Question
The following information is provided for Nike Inc. for the year 2023: Item Amount ($) Current Assets 600,000 Current Liabilities 400,000 Inventory 200,000 Accounts Receivable
The following information is provided for Nike Inc. for the year 2023:
Item | Amount ($) |
Current Assets | 600,000 |
Current Liabilities | 400,000 |
Inventory | 200,000 |
Accounts Receivable | 100,000 |
Accounts Payable | 50,000 |
Requirements:
- Calculate the Working Capital.
- Determine the Current Ratio.
- Compute the Quick Ratio.
- Analyze the company's liquidity position.
- Evaluate the efficiency of working capital management.
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappett
23rd edition
1259536351, 978-1259536359
