Question
The statements of Company J read below. Please, express your opinion about the liquidity of the firm from 2019 to 2021. Is the liquidity of
The statements of Company J read below. Please, express your opinion about the liquidity of the firm from 2019 to 2021. Is the liquidity of the firm improving or deteriorating? Please, compute the current ratio for expressing your opinion.
2,021 | 2,020 | 2,019 | ||
Cash | 84.1 | 210.6 | 228.6 | |
Marketable Securities | 91.2 | 114.4 | 174.8 | |
Accounts Receivable | 374.4 | 202.3 | 255.2 | |
Inventories | 178.1 | 201.2 | 198.6 | |
Accounts Payable | 358.7 | 307.4 | 347.4 | |
Short-Term Debt | 54.9 | 64.1 | 38.7 | |
CURRENT RATIO | ? | |||
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To assess the liquidity of the firm over the years 2019 to 2021 we can look at the changes in its cu...
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Managerial Accounting
Authors: Charles E. Davis, Elizabeth Davis
4th Edition
1119577667, 978-1119577669
