Question: The financial statements for Giardi Corporation a retailer follow LIABILITIES AND

The financial statements for Giardi Corporation, a retailer, follow.
LIABILITIES AND STOCKHOLDERS’ EQUITY

Required:
1. Compute the four short-term liquidity ratios (rounded to two decimal places) for 2010 and
2011, assuming operating cash flows are $281 million and $483 million, respectively.
2. Indicate which ratios appear to be most appropriate for a retail organization. Indicate what other information you would like to know to comment on Giardi’s short-term liquidity.


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  • CreatedSeptember 22, 2015
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