Baldwin Corp. reported the following current accounts at the end of two recent years: Required 1. Compute
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Required
1. Compute Baldwins current ratio at the end of each of the two years.
2. How has Baldwins liquidity changed at the end of 2010 compared to the end of 2009?
3. Comment on the relative composition of Baldwins current assets at the end of 2010 compared to the end of2009.
Transcribed Image Text:
Cash Accounts receivable Inventory Accounts payable Wages payable Notes payable December 31, 2010 $3,000 15,000 12,000 12,000 2,000 6,000 December 31, 2009 6,000 10,000 8,000 7,000 1,000 4,000
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Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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