Taylor Company has the following financial data on January 1, 2010 and January 1, 2009.
A. In terms of the quick and current ratio, has the short-term solvency position of Taylor improved, remained the same, or declined?
B. If you were a potential short-term creditor to Taylor, would you be more willing to extend credit on either January 1, 2009 or 2010? Explain.

Question

Taylor Company has the following financial data on January 1, 2010 and January 1, 2009.
  A. In terms of the quick and current ratio, has the short-term solvency position of Taylor improved, remained the same, or declined?
B. If you were a potential short-term creditor to Taylor, would you be more willing to extend credit on either January 1, 2009 or 2010? Explain.

Quizplus · Accepted Answer

The Answer of Taylor Company has the following financial data on January 1, 2010 and January 1, 2009.
  A. In terms of the quick and current ratio, has the short-term solvency position of Taylor improved, remained the same, or declined?
B. If you were a potential short-term creditor to Taylor, would you be more willing to extend credit on either January 1, 2009 or 2010? Explain.

Taylor Company Has the Following Financial Data on January 1