The following presents comparative information of Target and Walmart: Wal-Mart Current Ratio Quick Ratio Debt Ratio Target Current Ratio Quick Ratio Debt Ratio 3Q 2007 0.844 0.133 61.79% 3Q 2007 1.352 0.571 62.67% 3Q 2008 0.872 0.151 60.95% 3Q 2008 1.500 0.661 71.13% Which of the following is correct? 3Q 2009 0.878 0.165 59.73% 3Q 2009 1.580 0.636 67.44% Walmart was more liquid but less solvent than Target. Walmart was less liquid but more solvent than Target. 3Q 2010 0.871 0.219 63.60% 3Q 2010 1.556 0.584 66.85% 3Q 2011 0.880 0.176 63.40% 3Q 2011 1.299 0.462 68.49%

The following presents comparative information of Target and Walmart: Wal-Mart Current Ratio Quick Ratio Debt Ratio Target Current Ratio Quick Ratio Debt Ratio 3Q 2007 0.844 0.133 61.79% 3Q 2007 1.352 0.571 62.67% 3Q 2008 0.872 0.151 60.95% 3Q 2008 1.500 0.661 71.13% Which of the following is correct? 3Q 2009 0.878 0.165 59.73% 3Q 2009 1.580 0.636 67.44% Walmart was more liquid but less solvent than Target. Walmart was less liquid but more solvent than Target. 3Q 2010 0.871 0.219 63.60% 3Q 2010 1.556 0.584 66.85% 3Q 2011 0.880 0.176 63.40% 3Q 2011 1.299 0.462 68.49%

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 19Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and...

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