Marquis and Bloom Company are similar firms that operate in the same industry. The following...
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Accounting
Marquis and Bloom Company are similar firms that operate in the same industry. The following data on each company is below:
21
Marquis Company
Company Bloom
01:16:02
2020
2021
2022
2020
2021
2022
Current Ratio
2.2
2.9
3.0
2.4
2.0
2.0
Acid-test ratio
1.8
2.4
3.2
1.1
1.3
10
Accounts Receivable Turnover
11.5
11.0
12.0
12.9
12.5
13.4
Merchandise Inventory Turnover
9.8
9.2
9.9
11.8
13.9
14.1
Working Capital
$55,000
$72,000
$78,000
$69,000
$77,000
$89.000
Required:
Compare the liquidity positions of both companies. Include a discussion the relative ability of both companies to meet current obligations and to use current assets efficiently.
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