Vivavision Inc. calculated the ratios shown below for 2014 and 2013: Required 1. Identify whether the change
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Required
1. Identify whether the change in the ratios from 2013 to 2014 is favourable (€˜F€™) or unfavorable (€˜U€™).
2. Assess whether the 2014 ratios are favourable or unfavorable in comparison to the industry averages shown in Exhibit18.11.
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2014 2013 Trend Comparison to Industry Average Current ratio 1081 0971 F U Acidtest ratio 0991 084...View the full answer
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Related Book For 
Fundamental Accounting Principles Volume II
ISBN: 978-1259066511
14th Canadian Edition
Authors: Larson Kermit, Jensen Tilly
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