Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. find current ratio & quick ratio for below

1. Find Current ratio & Quick Ratio for below table and compare the company performance...

60.1K

Verified Solution

Question

Accounting

image

1. Find Current ratio & Quick Ratio for below table and compare the company performance duration past years: Balance Sheet (USD $ millions] 2014 2015 2016 2017 2018 Assets Current assets: Cash Marketable Securities 167,971 4,000 181,210 4,000 183,715 4,000 211,069 4,000 Accounts Receivable 5,100 4,806 5,904 5,513 6,567 5,170 9,825 7,117 5,998 239,550 4,000 7,539 5,682 11,342 268,112 Prepaid expenses Inventory Total current assets 7,805 189,682 9,601 206,228 10,531 238,715 209,277 Property & Equipment Goodwill Total Assets 45,500 3,580 42,350 3,460 252,038 40,145 3,910 38,602 3,870 37,521 3,850 238,762 253,332 281,187 309,483 3,902 4,912 Liabilities Current liabilities: Accounts Payable Accrued expenses Unearned revenue Total current liabilities 5,265 1,865 1,320 1,540 6,762 4,800 1,541 1,560 7,901 1,662 1,853 8,427 5,671 1,899 1,724 9,294 1,952 9,082 Long-term debt Other long-term liabilities Total Liabilities 50,000 5,526 62,288 50,000 5,872 30,000 5,565 43,992 30,000 6,051 30,000 5,909 45,203 63,773 45,133 2014 2015 2016 2017 2018 Current ratio Quick Ratio

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students