Partial comparative balance sheet and income statement information for Posad Company follows.

In 2012, the year-end balances for Accounts Receivable and Inventory were $32,400 and $51,200, respectively. Accounts Payable was $30,600 in 2012 and is the only current liability. Compute the current ratio, quick ratio, receivables turnover, days’ sales uncollected, inventory turnover, days’ inventory on hand, payables turnover, days’ payable for each year, and financing period. (Round to one decimal place.) Comment on the change in the company’s liquidity position, including its operating cycle and required days of financing from 2013 to2014.

  • CreatedMarch 26, 2014
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