HORNGREN'S FIN.+MGRL..:MANAG.CHP.-MYLAB
HORNGREN'S FIN.+MGRL..:MANAG.CHP.-MYLAB
7th Edition
ISBN: 9780136503613
Author: MILLER-NOBLES
Publisher: PEARSON
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Chapter 15, Problem 2QC

Horizontal analysis of Liberty's balance sheet for 2017 would report

a. Cash as 9.50% of total assets.

b. a 17% increase in Cash and Cash Equivalents.

c. a current ratio of 1.01.

d. inventory turnover of 6 times.

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Financial ratio analysis; Author: The Finance Storyteller;https://www.youtube.com/watch?v=MTq7HuvoGck;License: Standard Youtube License