Question

Gildan Activewear Inc. is principally in the business of manufacturing and selling activewear, socks, and underwear. Exhibits 9-9A and B contain the statements of financial position and statements of income and comprehensive income from Gildan’s 2013 annual report.
Required:
a. Calculate the company’s working capital for 2013 and 2012.
b. Calculate the current and quick ratios for 2013 and 2012 and comment on any trends you noticed.
c. Calculate the accounts payable turnover ratio and accounts payable payment period for the company.


$1.99
Sales0
Views52
Comments0
  • CreatedJune 11, 2015
  • Files Included
Post your question
5000