Horngren's Financial & Managerial Accounting, The Managerial Chapters (6th Edition)
Horngren's Financial & Managerial Accounting, The Managerial Chapters (6th Edition)
6th Edition
ISBN: 9780134486857
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Chapter D, Problem 3QC

Vertical analysis of Liberty’s balance sheet for 2019 would report

  1. a. Cash as 9.50% of total assets.
  2. b. inventory turnover of 6 times.
  3. c. a current ratio of 1.01.
  4. d. a 17% increase in Cash.
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Horngren's Financial & Managerial Accounting, The Managerial Chapters (6th Edition)

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