The financial statements of adidas (DEU) and Puma (DEU) are presented in Appendices B and C, respectively.
Question:
Instructions
Use the companies' financial information to answer the following questions.
a. How much working capital do each of these companies have at the end of 2015?
b. Compute both companies' (a) current cash debt coverage, (b) cash debt coverage, (c) current ratio, (d) acid-test ratio, (e) accounts receivable turnover, and (f) inventory turnover for 2015. Comment on each company's overall liquidity.
c. What types of loss or gain contingencies do these two companies have at the end of 2015?
Financial Statements
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... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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a The working capital position of the two companies is as follows adidas Current assets 7497 Current liabilities 5364 Working capital 2133 Puma Current assets 16848 Current liabilities 8800 Working ca...View the full answer
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Related Book For 
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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