Great Deal! Get Instant $10 FREE in Account on First Order + 10% Cashback on Every Order Order Now

I have to do P3-13, P3-14, P3-15, P3-16. I will attach the problems in an email that will be sent from this email XXXXXXXXXX and I will put the order number on it also. Please show all your work as I...

1 answer below »
I have to do P3-13, P3-14, P3-15, P3-16. I will attach the problems in an email that will be sent from this email XXXXXXXXXX and I will put the order number on it also. Please show all your work as I have to show the professor how did I do each problem and please if you have to explain answer please write in basic English
Answered Same Day Apr 18, 2021

Solution

Ashish answered on Apr 19 2021
169 Votes
P3-13
Solution-a
Cu
ent Ratio = Cu
ent Assets / Cu
ent Liabilities
Cu
ent Ratio (2012) = $16,950 / $9,000
Cu
ent Ratio (2012) = 1.88 times
Cu
ent Ratio (2013) = $21,900 / $12,600
Cu
ent Ratio (2013) = 1.74 times
Cu
ent Ratio (2014) = $22,500 / $12,600
Cu
ent Ratio (2014) = 1.79 times
Cu
ent Ratio (2015) = $27,000 / $17,400
Cu
ent Ratio (2015) = 1.55 times
Quick Ratio = (Cu
ent Assets – Inventory) / Cu
ent Liabilities
Quick Ratio (2012) = ($16,950 – $6,000) / $9,000
Quick Ratio (2012) = 1.22 times
Quick Ratio (2013) = ($21,900 - $6,900) / $12,600
Quick Ratio (2013) = 1.19 times
Quick Ratio (2014) = ($22,500 - $6,900) / $12,600
Quick Ratio (2014) = 1.24 times
Quick Ratio (2015) = ($27,000 - $7,200) / $17,400
Quick Ratio (2015) = 1.14 times
Net working capital = Cu
ent Assets - Cu
ent Liabilities
Net working capital (2012) = $16,950 - $9,000
Net working capital (2012) = $7,950
Net working capital (2013) = $21,900 - $12,600
Net working capital (2013) = $9,300
Net working capital (2014)...
SOLUTION.PDF
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here
Attach File