Slow Cellars current ratio increased from 1.2 to 1.5. What is one favorable interpretation of this change?

Question:

Slow Cellar’s current ratio increased from 1.2 to 1.5. What is one favorable interpretation of this change? What is one unfavorable interpretation of this change?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Managerial Accounting

ISBN: 978-0078025518

2nd edition

Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

See More Books

Question Posted: Feb 27, 2015 10:45 AM

See More Questions

What is the difference between a favorable and an unfavorable variance? Are favorable variances good and unfavorable variances bad?
What is the difference between favorable and unfavorable book-tax differences?
From 2012 to 2013, Colossal Companys current ratio increased and its quick ratio decreased. What does this imply about the level of inventory and prepaids?
Use implicit differentiation to find dy/dx. 6x 3 + 7y 3 = 13xy
The quotation from Federal Reserve Chairman Ben Bernanke at the beginning of the chapter is from a speech that he presented in Jackson Hole, Wyoming, on August 25, 2006, entitled "Global Economic...
Your office in Turkey desperately needs the supplies that have been sitting in Turkish customs for a month. Should you bribe a customs official to speed up delivery? Explain your decision.
Consider the simple linear regression model fit to the tank pressure and volume data in Problem 2.16. Problem 2.16 Carroll and Spiegelman ("The Effects of Ignoring Small Measurement Errors in...
PrideTalk Corp., reporting under ASPE, has provided the following information regarding its intangible assets : 1. A patent was purchased from Marvin Inc. for $1.2 million on January 1, 2013....
Determine the amount of work (in J) done on an ideal gas as it is heated in an enclosed, thermally isolated cylinder topped with a freely moving piston. The cylinder contains 0.220 mol of the gas and...
During 2018, Largent Enterprises purchased bonds as follows: May 17, Purchased 100 Nugent bonds for $800 per bond. July 12, Purchased 40 Alfredo bonds at $600 per bond, plus a $600 brokerage...
Why are some analyses called horizontal and others called vertical?
What is ratio analysis? Why is it useful? Discuss.
The joint of a space frame is subjected to four member forces. Member OA lies in the x - y plane and member OB lies in the y - z plane. Determine the forces acting in each of the members required for...
Provide a brief and specific answer to the questions posed. If you are asked for a deadline, specify the year, month and day. In 2020 there were special one-time filing extensions granted in light of...
Phone Home, Inc. is considering a new 4-year expansion project that requires an initial fixed asset investment of $3 million. The fixed asset will be depreciated straight-line to zero over its 4-year...
You are given a list of integers that are not sorted. Your job is to sort the list in a nondecreasing order. You should implement four different sorting algorithms. algorithm 1: choose one of the...
4. Given an unlimited supply of coins of denominations 21,...,n (each are positive integers). We want to make change for some value v (also a positive integer), so we want to find a set of coins...
2. A badminton coach would like to create teams which each team consists of a pair of players. A good team organization composed of players that have the closest characteristics between players....
What are your views on the influence of advances in computerisation and telecommunications for patterns of structure and work organisation?
The bookkeeper for Riley, Inc., made the following errors: a. A cash purchase of supplies of $357 was recorded as a debit to Supplies for $375 and a credit to Cash of $375. b. A cash sale of $3,154...
If the company in 10b uses the weighted average method, the gross profit is: A. :20. B. :24. C. :25. D. :30.
Ava School of Learning obtained a charter at the start of 2017 that authorized 50,000 shares of no-par value common shares and 20,000 no-par value preferred shares. During 2017, the following...
Avery?s Rentals, Inc. and Rent-A-Matic, Inc. are two publicly traded rental companies. They reported the following in their 2017 financial statements (in millions of dollars, except per-share amounts...
Two magazine companies reported the following in their 2017 financial statements (in thousands of dollars, except earnings per share amounts and share prices): Required: 1. Compute the 2017 ROE for...
How can bash shell scripting improve resource utilization and process management in Unix systems?
A solid sphere that is uniformly positively charged produces an electric field. Assume no other objects are around. What is the magnitude of the electric field a distance r from the center of the...
Why is potential difference important in x - ray production?

Slow Cellars current ratio increased from 1.2 to 1.5. What is one favorable interpretation of this change?

Question:

Step by Step Answer:

A favorable interpretation of an increase in the current ra...View the full answer

Managerial Accounting

Students also viewed these Managerial Accounting questions