The following information is available for Silverado Company and Titan Company, similar firms operating in the same industry. Write a half-page report comparing Silverado and Titan using the available information. Your discussion should include their ability to meet current obligations and to use current assetsefficiently.

Transcribed Image Text:

Silverado 2011 1.7 1.0 24.2 20.9 Titan 20122011 2.6 2.4 14.2 12.0 2010 1.8 1.5 15.0 11.6 2012 2010 Current ratio Acid-test ratio Accounts receivable turnover Merchandise inventory turnover Working capital 1.6 0.9 29.5 23.2 3.1 2.7 15.4 13.5 2.0 28.2 16.1 $60,000 $48,000 $42,000 $121,000 $93,000 $68,000