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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 69
Balance Sheet Measures of Liquidity and Credit Risk
A recent balance sheet of Sweet as Sugar included the following items, among others.Dollar amounts are stated in thousands.)
The company also reported total assets of $600,000, total liabilities of $90,000, and a return on total assets of 20 percent.
Instructions
a.ompute Sweet as Sugar's: ( 1 ) quick assets, ( 2 ) current assets, and ( 3 ) current liabilities.
b.ompute Sweet as Sugar'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.
A recent balance sheet of Sweet as Sugar included the following items, among others.Dollar amounts are stated in thousands.)
The company also reported total assets of $600,000, total liabilities of $90,000, and a return on total assets of 20 percent.
Instructions
a.ompute Sweet as Sugar's: ( 1 ) quick assets, ( 2 ) current assets, and ( 3 ) current liabilities.
b.ompute Sweet as Sugar'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.
Explanation
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(a) Computing Quick Assets, Current Asse...
Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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