Determine for each year 1 capital, 2 the current ratio, and 3 the quick ratio. Round ratio to one decimal place 1. Working capital 2. Current ratio 3. Quick ratio Current year. Previous years $ $ B. the liquidity of Nilo has _______from the preceding year to the current year. The working capital, current ratio, and quick ratio have all ___________ most of these changes are the result of an _______in current assets relative to current liabilities
Determine for each year 1 capital, 2 the current ratio, and 3 the quick ratio. Round ratio to one decimal place 1. Working capital 2. Current ratio 3. Quick ratio Current year. Previous years $ $ B. the liquidity of Nilo has _______from the preceding year to the current year. The working capital, current ratio, and quick ratio have all ___________ most of these changes are the result of an _______in current assets relative to current liabilities
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Current position analysis the following data were taken from the balance sheet of Nilo company at the end of the two recent Fisher years;
Current assets:
Cash
Marketable securities
Account and note receivable (net)
Inventories
Prepaid expenses
Total Current assets
Current liabilities
Account and notes payable
( short-term)
Accrued liabilities
Total Current liabilities
Current year
$417,000 cash
483,100 Marketable securities
197,700 acct not receivable ( net)
845,500 inventory
435,500 prepaid
2,379,000 Total Current assets
Previous year
$339,200 cash
381,600 Marketable securities
127,200 access note receivable ( net)
614,300 inventory
392,700 prepaid expenses
1,855,000 Total Current assets
Current year
Current liabilities
Short term $353,800
Accrued liabilities 256,200
Total Current liabilities $610,000
Previous year
Short term $371,000
Accrued liabilities 159,000
Total Current liabilities $530,000
A. Determine for each year 1 capital, 2 the current ratio, and 3 the quick ratio. Round ratio to one decimal place
1. Working capital
2. Current ratio
3. Quick ratio
Current year. Previous years
$
$
B. the liquidity of Nilo has _______from the preceding year to the current year.
The working capital, current ratio, and quick ratio have all ___________ most of these changes are the result of an _______in current assets relative to current liabilities.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education