- Current Position Analysis The Following Data Were Taken From The Comparative Balance Sheet Of Osborn Sisters Company For 1 (88.13 KiB) Viewed 70 times
Current Position Analysis The following data were taken from the comparative balance sheet of Osborn Sisters
Company for the years ended December 31, 2049 and December 31, 2048: Dec. 31, 2049 Dec. 31, 20Y8 Cash $321,400 $240,800 Temporary investments 343,000 263,700 Accounts and notes receivable (net) 315,600 287,500 Inventories 441,000 356,400 Prepaid expenses 245,000 127,600 Total current assets $1,666,000 $1,276,000 Accounts payable $284,200 $308,000 Accrued liabilities 205,800 132,000 Total current liabilities $490,000 $440,000
a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. 2049 2048 $ Working capital MU Current ratio Quick ratio from 20Y8 to the 2049. The working capital, current ratio, and quick ratio have all Most of these b. The liquidity of Osborn Sisters
Company has changes are the result of