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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381 Exercise 64
A recent balance sheet of Sweet Tooth, Inc., included the following items, among others.Dollar amounts are stated in thousands.)
The company also reported total assets of $353,816 thousand, total liabilities of $81,630 thousand, and a return on total assets of 18.1 percent.Instructions
a.ompute Sweet Tooth's ( 1 ) quick assets, ( 2 ) current assets, and ( 3 ) current liabilities.
b.ompute Sweet Tooth's ( 1 ) quick ratio, ( 2 ) current ratio, ( 3 ) working capital, and ( 4 ) debt ratio.Round to one decimal place.)
c.iscuss the company's liquidity from the viewpoints of (1) short-term creditors, (2) long-term creditors, and (3) stockholders.
The company also reported total assets of $353,816 thousand, total liabilities of $81,630 thousand, and a return on total assets of 18.1 percent.Instructions
a.ompute Sweet Tooth's ( 1 ) quick assets, ( 2 ) current assets, and ( 3 ) current liabilities.
b.ompute Sweet Tooth's ( 1 ) quick ratio, ( 2 ) current ratio, ( 3 ) working capital, and ( 4 ) debt ratio.Round to one decimal place.)
c.iscuss the company's liquidity from the viewpoints of (1) short-term creditors, (2) long-term creditors, and (3) stockholders.
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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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