Financial Data Assignment | Top Universities |

Financial Data Assignment | Top Universities |

Taylor Company has the following financial data on January 1, 2017 and January 1, 2016. 1/1/17 1/1/16 Cash $15,000 $27,000 Accounts receivable 23,000 11,000 Marketable securities 3,000 10,000 Inventory 16,000 35,000 Net plant and equipment 40,000 32,000 $18,000 $27,000 Current liabilities Long-term debt Shareholders' equity 49,000 30,000 30,000 58,000

Calculate current and quick ratios? (Round answers to 2 decimal places, e.g. 52.75.) 2017 2016 Current Ratio Quick Ratio In terms of the quick and current ratio, has the short-term solvency position of improved, remained the same, or declined? Taylor's short-term solvency position halv improved declined remained the same. Get Accounting homework help today
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Financial Data Assignment | Top Universities |

 

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Financial Data Assignment | Top Universities |

Taylor Company has the following financial data on January 1, 2017 and January 1, 2016. 1/1/17 1/1/16 Cash $15,000 $27,000 Accounts receivable 23,000 11,000 Marketable securities 3,000 10,000 Inventory 16,000 35,000 Net plant and equipment 40,000 32,000 $18,000 $27,000 Current liabilities Long-term debt Shareholders' equity 49,000 30,000 30,000 58,000

Calculate current and quick ratios? (Round answers to 2 decimal places, e.g. 52.75.) 2017 2016 Current Ratio Quick Ratio In terms of the quick and current ratio, has the short-term solvency position of improved, remained the same, or declined? Taylor's short-term solvency position halv improved declined remained the same. Get Accounting homework help today
TOP ACADEMIC WRITER
He has decades of experience in the education field and has served in the examination boards of some of the top Universities within & outside the United States America.

Related

Financial Data Assignment | Top Universities |