Following are the balance sheets for the years ended June
Following are the balance sheets for the years ended June 30, 2018 and 2017 for Seahorse Inc.:



Required:
a. Calculate the current ratio and the quick ratio on June 30, 2017 and 2018.
b. Assess the change in the liquidity position of Seahorse Inc.
c. Can you think of any circumstances where a significant increase in the quick ratio could be an indicator of a deteriorating liquidity position?
Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help