Clearwater Seafoods Inc. is a leader in the global seafood market. Its main operations include harvesting, processing,
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1. Compute the quick ratio for each of the four years, and comment on the four- year trend of the ratio.
2. Compute the trade payables turnover ratio and the average age of payables for the years 2010 2012. Did the companys management of its trade payables improve over time? Explain.
3. In computing the trade payables turnover ratio, it is preferable to use purchases instead of cost of sales in the numerator. Re-compute the ratio for each of the years 2010 2012 using purchases in the numerator. Do the new ratios differ significantly from those computed in (2)? Explain.
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Related Book For
Financial Accounting
ISBN: 978-1259103285
5th Canadian edition
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
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