Question: The comparative financial statements of Southside Pools Inc for 2015

The comparative financial statements of Southside Pools, Inc., for 2015, 2014, and 2013 included the following select data:


Requirements
1. Compute these ratios for 2015 and 2014:
a. Current ratio
b. Quick (acid-test) ratio
c. Days’ sales in receivables
2. Which ratios improved from 2014 to 2015 and which ratios deteriorated? Is this trend favorable or unfavorable?
3. Recommend two ways for Southside Pools, Inc., to improve cash flow fromreceivables.
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  • CreatedJuly 25, 2014
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