Yuen Corporation shows the following financial position and results for the three years ended December 31, 2025,
Question:
Yuen Corporation shows the following financial position and results for the three years ended December 31, 2025, 2024, and 2023 (in thousands):
Calculate the current ratio, quick ratio for each year, and the days payables outstanding ratio for 2024 and 2025, and comment on your results. Round answers to two decimal places.
Transcribed Image Text:
Cash Fair value through net income (FV-NI) investments Accounts receivable Inventory Prepaid expenses Total current assets Accounts payable Accrued liabilities Total current liabilities Cost of goods sold 2025 $ 650 500 900 4,900 1,300 8,250 1,550 2,250 3,800 15,000 2024 $ 700 500 1,000 4,600 1,000 7,800 1,700 2,000 3,700 18,000 2023 $ 600 500 1,300 4,000 900 7,300 1,750 1,900 3,650 17,000
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Current Ratio Current Assets Current Liabilities2023 7300 3650 2002024 ...View the full answer
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Related Book For
Intermediate Accounting Volume 2
ISBN: 9781119740445
13th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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