The following is a table of liquidity ratio calculated for an ice-cream company for two years. Analyze the table, then answer the questions below. Chapter 2- Liquidity Ratios 2021 2020 Working Capital | 473,150,109.00 305,962,202.00 Current Assets Current Liabilities 249,660,432.00 232,327,584.00 223,489,677.00 73,634,618.00 Acid Test ( or Quick) ratio Quick Assets 310,797,917.00 187,407,896.00 Quick Assets/ Current Liabilities Current Liabilities 249,660,432.00 232,327,584.00 1.24 0.81 Current Ratio Current Assets 473,150,109.00 305,962,202.00 Current Assets/Current Liabilities Current Liabilities 249,660,432.00 232,327,584.00 1.90 1.32 Average payment Period Accounts Payable 214,491,486.00 185,346,512.00 Operating Revenue /365 Accounts Payable/Average Purchases Per Day 3,411,094.33 3,180,129.39 62.88 58.28 Cash on Hand Days Cash on Hand, Short Term Sources Cash on Hand /(Operating Expenses-Non-cash Expenses)/365 217,283,548.00 129,196,815.00 Operating Expenses 488,512,961.00 463,624,255.00 201.55 119.45 puestions 1. Analyse the above Ratio Analysis- Liquidity Ratios 2. According to the data, is the company seen as profitable? Why? 3. According to the data, does is seem like the company can pay off its debts? Why?

The following is a table of liquidity ratio calculated for an ice-cream company for two years. Analyze the table, then answer the questions below. Chapter 2- Liquidity Ratios 2021 2020 Working Capital | 473,150,109.00 305,962,202.00 Current Assets Current Liabilities 249,660,432.00 232,327,584.00 223,489,677.00 73,634,618.00 Acid Test ( or Quick) ratio Quick Assets 310,797,917.00 187,407,896.00 Quick Assets/ Current Liabilities Current Liabilities 249,660,432.00 232,327,584.00 1.24 0.81 Current Ratio Current Assets 473,150,109.00 305,962,202.00 Current Assets/Current Liabilities Current Liabilities 249,660,432.00 232,327,584.00 1.90 1.32 Average payment Period Accounts Payable 214,491,486.00 185,346,512.00 Operating Revenue /365 Accounts Payable/Average Purchases Per Day 3,411,094.33 3,180,129.39 62.88 58.28 Cash on Hand Days Cash on Hand, Short Term Sources Cash on Hand /(Operating Expenses-Non-cash Expenses)/365 217,283,548.00 129,196,815.00 Operating Expenses 488,512,961.00 463,624,255.00 201.55 119.45 puestions 1. Analyse the above Ratio Analysis- Liquidity Ratios 2. According to the data, is the company seen as profitable? Why? 3. According to the data, does is seem like the company can pay off its debts? Why?

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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