Total current assets $2,695,000 $1,876,000 Current liabilities: Accounts and notes payable (short-term) $446,600 $469,000 Accrued liabilities 323,400 201,000 Total current liabilities $770,000 $670,000 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 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Albertini 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.
Total current assets $2,695,000 $1,876,000 Current liabilities: Accounts and notes payable (short-term) $446,600 $469,000 Accrued liabilities 323,400 201,000 Total current liabilities $770,000 $670,000 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 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Albertini 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.
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.6E
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Current Position Analysis
The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal vears:
Current Year
Previous Year
Current assets:
Cash
$614,500
$482,400
Marketable securities
711,500
542,700
Accounts and notes receivable (net)
291,000
180,900
Inventories
711,500
408,700
Prepaid expenses
366,500
261,300
Total current assets
$2,695,000
$1,876,000
Current liabilities:
Accounts and notes payable
(short-term)
$446,600
$469,000
Accrued liabilities
323,400
201,000
Total current liabilities
$770,000
$670,000
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
1. Working capital
6:31 PM
12/10/202
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Transcribed Image Text:engageNOWv2 | Onlin X
genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false
回☆
еBook
Show Me How
Current Position Analysis
The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal vears:
Current Year
Previous Year
Current assets:
Cash
$614,500
$482,400
Marketable securities
711,500
542,700
Accounts and notes receivable (net)
291,000
180,900
Inventories
711,500
408,700
Prepaid expenses
366,500
261,300
Total current assets
$2,695,000
$1,876,000
Current liabilities:
Accounts and notes payable
(short-term)
$446,600
$469,000
Accrued liabilities
323,400
201,000
Total current liabilities
$770,000
$670,000
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
1. Working capital
6:31 PM
12/10/202
DELL
prt sc
home
end
F12
F7
F8
insert
dele
F9
F10
F11
7
bac
T
U
4.
P
2
FI
![261,300
Total current assets
$2,695,000
$1,876,000
Current liabilities:
Accounts and notes payable
(short-term)
$446,600
$469,000
Accrued liabilities
323,400
201,000
Total current liabilities
$770,000
$670,000
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
1. Working capital
2. Current ratio
3. Quick ratio
b. The liquidity of Albertini 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
current liabilities.
in current assets relative to
6:31 PM
中
12/10/2020
20
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F2
prt sc
F10
F4
F6
home
F7
F8
F9
delete
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4
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Transcribed Image Text:261,300
Total current assets
$2,695,000
$1,876,000
Current liabilities:
Accounts and notes payable
(short-term)
$446,600
$469,000
Accrued liabilities
323,400
201,000
Total current liabilities
$770,000
$670,000
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
1. Working capital
2. Current ratio
3. Quick ratio
b. The liquidity of Albertini 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
current liabilities.
in current assets relative to
6:31 PM
中
12/10/2020
20
DELL
F2
prt sc
F10
F4
F6
home
F7
F8
F9
delete
F12
%23
&
4
backspace
Y
1O
{
4
6
1
G
3.
C
V
M
page
up
alt
ctrl
ET
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フ
ト
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