This problem uses the two years of financial statements data provided in Problem 6 for the Genatron

Question:

This problem uses the two years of financial statements data provided in Problem 6 for the Genatron Manufacturing Corporation.

a. Calculate and compare each current assets account as a percentage of total assets for that year.

b. Calculate and compare each current liabilities account as a percentage of total liabilities and equities for that year.

c. Calculate the current ratio and the acid-test ratio for each year. Describe the changes in liquidity, if any, that occurred between the two years.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...