Required Refer to Exhibit 18.14 and calculate Aavengens liquidity and efficiency ratios for 2014 and 2013 (round
Question:
Refer to Exhibit 18.14 and calculate Aavengens liquidity and efficiency ratios for 2014 and 2013 (round answers to two decimal places).
Analysis Component: Identify whether the change in each ratio from 2013 to 2014 was favourable (F) or unfavorable (U) andwhy.
Transcribed Image Text:
Aavengen Technologies Inc. Comparative Balance Sheet Information November 30 (millions of $) Aavengen Technologies Inc. Income Statement For Year Ended November 30, 2014 (millions of $) 2014 2013 2012 2014 2013 456 110 192 72 720 96 84 17 48 228 36 768 53 120 384 Prepaid rent... Plant and equipment (net) 24 Operating expenses: 816 480 324 372 52829 Income tax payable 120 240 554 17 24 26 598
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Ratio Calculations FU and Why 2014 2013 Current ratio 2211 1 1821 2 F because there are more current ...View the full answer
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Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1259066511
14th Canadian Edition
Authors: Larson Kermit, Jensen Tilly
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