CORA HOLCIO A e sheet of No Company at the end of two recent fiscal years Current Year Previous Year Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current Gabilities 1. Working capital 2. Current ratio $541,900 627,400 256,700 204,000 105,400 $1,736,000 3. Quick ratio b. The liquidity of Nilo has changes are the result of an i $432,000 486,000) $359,600 $370,000 200,400 102,000 1620,000 $540,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio, Round ratios to one decimal place. Current Year Previous Year 162,000 65,900 42,100 $1,188,000 from the preceding year to the current year. The working capital, current ratio, and quick ratio have all in current assets relative to current liabilities Most of these
CORA HOLCIO A e sheet of No Company at the end of two recent fiscal years Current Year Previous Year Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current Gabilities 1. Working capital 2. Current ratio $541,900 627,400 256,700 204,000 105,400 $1,736,000 3. Quick ratio b. The liquidity of Nilo has changes are the result of an i $432,000 486,000) $359,600 $370,000 200,400 102,000 1620,000 $540,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio, Round ratios to one decimal place. Current Year Previous Year 162,000 65,900 42,100 $1,188,000 from the preceding year to the current year. The working capital, current ratio, and quick ratio have all in current assets relative to current liabilities Most of these
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years
Current Year Previous Year.
Current assets:
Marketable securities
Accounts and notes receivable (net)
Inventories
Prepaid expenses
Total current assets
1 Working capital)
2. Current ratio
$541,900
627,400
256,700
204,600
105,400
$1,736,000
Current liabilities:
Accounts and notes payable (short-term))
$359,600
$370,000
Accrued liabilities
200,400
102,000
Total current abilities
$620,000
$540,000
a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio, Round ratios to one decimal place.
Current Year
Previous Year
3. Quick ratio
b. The liquidity of Nilo has
changes are the result of an
$432,000
486,000
162,000
65,900
42,100
$1,188,000
from the preceding year to the current year. The working capital, current ratio, and quick ratio have all g
in current assets relative to current liabilities
Most of these
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