Using the financial statements provided below for ABC Manufacturing Company, calculate all the ratios listed below for both 2020 and 2021. Assume that all sales are credit sales. (a) Calculate the ratios for ABC Manufacturing Company for 2020 and 2021. (b) Put an "l/D" beside the Year 2021 ratio calculation if the ratio has Improved/Deteriorated. Put an "S"/"W" beside the Year 2021 ratio if ABC Manufacturing Company's ratio is Stronger/ Weaker than its competitors. ONLY HAND-IN (SUBMIT) THE PAGES THAT START WITH "NAME" (PAGES 3-4). Industry Averages (Year 2021) Current ratio Quick ratio 2.08 1.03

Using the financial statements provided below for ABC Manufacturing Company, calculate all the ratios listed below for both 2020 and 2021. Assume that all sales are credit sales. (a) Calculate the ratios for ABC Manufacturing Company for 2020 and 2021. (b) Put an "l/D" beside the Year 2021 ratio calculation if the ratio has Improved/Deteriorated. Put an "S"/"W" beside the Year 2021 ratio if ABC Manufacturing Company's ratio is Stronger/ Weaker than its competitors. ONLY HAND-IN (SUBMIT) THE PAGES THAT START WITH "NAME" (PAGES 3-4). Industry Averages (Year 2021) Current ratio Quick ratio 2.08 1.03

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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Question

Using the financial statements

provided below for ABC

Manufacturing Company, calculate all the

ratios listed below for both 2020 and2021. Assume that all sales are credit sales.

(a) Calculate the ratios forABC Manufacturing Company for2020 and 2021.

(b)Put an“I/D” beside the Year 2021 ratio calculation if the ratio has Improved/Deteriorated.

Putan“S”/“W” beside the Year 2021 ratio if ABC

Manufacturing Company’s ratio is Stronger/Weake rthan its competitors

Using the financial statements provided below for ABC Manufacturing Company, calculate all the
ratios listed below for both 2020 and 2021. Assume that all sales are credit sales.
(a) Calculate the ratios for ABC Manufacturing Company for 2020 and 2021.
(b) Put an "l/D" beside the Year 2021 ratio calculation if the ratio has Improved/Deteriorated.
Put an "S"/"W" beside the Year 2021 ratio if ABC Manufacturing Company's ratio is Stronger/
Weaker than its competitors.
ONLY HAND-IN (SUBMIT) THE PAGES THAT START WITH "NAME" (PAGES 3-4).
Industry Averages (Year 2021)
Current ratio
Quick ratio
2.08
1.03

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