Kaley Kaimainn, the controller for Supplies Unlimited has the following accounts:
1. Compute the Current Ratio for 2016 and 2017.
2. Did the Current Ratio improve?
3. Compute the Quick Ratio for 2016 and 2017.
4. Did the Quick Ratio improve?
5. Compute the Collection Period for 2016 and 2017.
6. Did the Collection Period improve?

Question

Kaley Kaimainn, the controller for Supplies Unlimited has the following accounts:
  1. Compute the Current Ratio for 2016 and 2017.
2. Did the Current Ratio improve?
3. Compute the Quick Ratio for 2016 and 2017.
4. Did the Quick Ratio improve?
5. Compute the Collection Period for 2016 and 2017.
6. Did the Collection Period improve?

Quizplus · Accepted Answer

The Answer of Kaley Kaimainn, the controller for Supplies Unlimited has the following accounts:
  1. Compute the Current Ratio for 2016 and 2017.
2. Did the Current Ratio improve?
3. Compute the Quick Ratio for 2016 and 2017.
4. Did the Quick Ratio improve?
5. Compute the Collection Period for 2016 and 2017.
6. Did the Collection Period improve?

Kaley Kaimainn, the Controller for Supplies Unlimited Has the Following