Question

The comparative financial statements of SunShine 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 SunShine Pools to improve cash flows fromreceivables.


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  • CreatedJuly 25, 2014
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