Coglin, Inc. incurred a net loss of $20,000 for 2014. The balance sheet at December 31, 2014, for Coglin, Inc., includes the following items:
A Determine Coglin's current ratio and working capital.
B Beyond the information provided in your answers to "A," what does the composition of Coglin's
current assets tell you about its liquidity.
C What other information would one need to fully access Coglin's liquidity?

Question

Coglin, Inc. incurred a net loss of $20,000 for 2014. The balance sheet at December 31, 2014, for Coglin, Inc., includes the following items:
  A Determine Coglin's current ratio and working capital.
B Beyond the information provided in your answers to "A," what does the composition of Coglin's
current assets tell you about its liquidity.
C What other information would one need to fully access Coglin's liquidity?

Quizplus · Accepted Answer

The Answer of Coglin, Inc. incurred a net loss of $20,000 for 2014. The balance sheet at December 31, 2014, for Coglin, Inc., includes the following items:
  A Determine Coglin's current ratio and working capital.
B Beyond the information provided in your answers to "A," what does the composition of Coglin's
current assets tell you about its liquidity.
C What other information would one need to fully access Coglin's liquidity?