The comparative financial statements of Gold Pools, Inc., for 2011, 2010, and 2009 included the following select
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Requirements
1. Compute these ratios for 2011 and 2010:
a. Current ratio
b. Acid-test ratio
c. Days sales in receivables
2. Which ratios improved from 2010 to 2011 and which ratios deteriorated? Is this trend favorable orunfavorable?
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For
Financial accounting
ISBN: 978-0136108863
8th Edition
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
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