Question

Use the AJ Cardenas, Inc., balance sheet data on the shown below.


Company Quick (acid-test) Ratio
Baker, Inc. (Utility)................................................. 0.74
Colvin Company (Department store)..................... 1.06
Dunn Companies Limited (Grocery store)............ 1.09

1. Compute AJ Cardenas, Inc.’s quick (acid-test) ratio at December 31, 2014, and 2013.
2. Use the comparative information from the table on the bottom of page 786 for Baker, Inc., Colvin Company, and Dunn Companies Limited. Is AJ Cardenas, Inc.’s quick (acid-test) ratio for 2014 and 2013 strong, average, or weak incomparison?


$1.99
Sales0
Views95
Comments0
  • CreatedJuly 25, 2014
  • Files Included
Post your question
5000