Question: Calculate CAE s current and quick ratios and the amount of
Calculate CAE's current and quick ratios, and the amount of working capital on hand on March 31, 2012 and 2011. Using the current and quick ratios, the amount of working capital, and the information in the statements of cash flow, provide an assessment of CAE's liquidity position.
Answer to relevant QuestionsRead the part of Note 1 on the use of judgements, estimates, and assumptions. Why is this note included in the financial statements and why is it important? (In your answer discuss why estimates are necessary when CAE ...Examine the table in Note 5 to CAE's financial statements that describes the changes in the allowance for doubtful accounts. By how much did the balance in the account change in fiscal 2012? Why did the balance change? What ...Explain and give examples of the following types of inventory:a. Raw materialsb. Work-in-processc. Finished goodsd. Supplies Explain how the specific identification method of valuing inventory works. Why do most entities not use this method? Under what circumstances is the method useful? Why does this method sometimes make it easy to manipulate ...Why isn't it possible to determine the amount of inventory that was stolen during a period when a periodic inventory control system is used?
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