Question

Sutterfield, Inc., reported the following items at December 31, 2014, and 2013:


Requirements
1. Compute Sutterfield’s
(a) Quick (acid-test) ratio
(b) Days’ sales in receivables for 2014. Evaluate each ratio value as strong or weak. Sutterfield sells on terms of net 30 days.
2. Recommend two ways for Sutterfield to speed up its cash flow fromreceivables.


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  • CreatedJuly 25, 2014
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