A company's balance sheet at December 31, 2012, 2013, and 2014 and income statement for the years

Question:

A company's balance sheet at December 31, 2012, 2013, and 2014 and income statement for the years ended December 31, 2012, 2013, and 2014 include the data on pages 164-165 .

Requirements

Use the years of data to answer the following:

1. Calculate the current ratio for 2012, 2013 and 2014.

2. Calculate the debt ratio for 2012, 2013, and 2014.

3. Evaluate each ratio and determine if the ratio has improved or deteriorated over the three years. Explain what the changes mean.

A company's balance sheet at December 31, 2012, 2013, and
A company's balance sheet at December 31, 2012, 2013, and
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Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-0133472264

5th Canadian edition

Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin

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