GẶP INC 1/30/99 GENERAL MOTORS (GM). 12/31/98 ($ in 000s) HOME DEPOT ORACLE 1/31/99 5/31/99 $1,871,824 $44,363,000 $4,933,000 $5,447,274 Current assets $1,553,103 $47,806,000 $2,857,000 $3,046,423 Current liabilities Source: Disclosure, Inc., Compact D/SEC, 2000. 1. _For each company listed above, compute the current ratio. Record your results below.. Current ratio: 1.21 2. The current ratios computed above åre primarily in the range (less than 1/1 through 3/3 through 5/ more than 5). 3. The company that has the strongest short-term liquidity as measured by the current ratio is (Gap Inc / GM/Home Depot / Oracle). 4. For the current ratio, a(n) (increasing/ decreasing) trend is generally considered favorable. 5. Current liabilities are usually paid off with current assets. The corporation not able to pay off all current liabilities at this time is (Gap Inc / GM/ Home Depot/ Oracle). Does this indicate the corporation is insolvent, or unable to pay its bills? (Yes / No) Explain. 6. A low current ratio generally indicates a lack of short-term liquidity. In general, such a firm will be required to pay (higher / lower) interest rates when borrowing money..

GẶP INC 1/30/99 GENERAL MOTORS (GM). 12/31/98 ($ in 000s) HOME DEPOT ORACLE 1/31/99 5/31/99 $1,871,824 $44,363,000 $4,933,000 $5,447,274 Current assets $1,553,103 $47,806,000 $2,857,000 $3,046,423 Current liabilities Source: Disclosure, Inc., Compact D/SEC, 2000. 1. _For each company listed above, compute the current ratio. Record your results below.. Current ratio: 1.21 2. The current ratios computed above åre primarily in the range (less than 1/1 through 3/3 through 5/ more than 5). 3. The company that has the strongest short-term liquidity as measured by the current ratio is (Gap Inc / GM/Home Depot / Oracle). 4. For the current ratio, a(n) (increasing/ decreasing) trend is generally considered favorable. 5. Current liabilities are usually paid off with current assets. The corporation not able to pay off all current liabilities at this time is (Gap Inc / GM/ Home Depot/ Oracle). Does this indicate the corporation is insolvent, or unable to pay its bills? (Yes / No) Explain. 6. A low current ratio generally indicates a lack of short-term liquidity. In general, such a firm will be required to pay (higher / lower) interest rates when borrowing money..

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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