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Huntingdon Capital Corp. is a competitor of Plazacorp and First Capital Realty. Huntingdon reported the following selected information (in millions):

Question:

Huntingdon Capital Corp. is a competitor of Plazacorp and First Capital Realty. Huntingdon reported the following selected information (in millions):

___________________________________2012...............2011

Current assets.................................$103.5...............$ 77.3

Non-current assets..............................217.8................422.5

Current liabilities..................................30.8..................78.0

Non-current liabilities..........................114.8................218.2

Instructions

(a) Calculate the working capital, current ratio, and debt to total assets ratio for each year.

(b) Did Huntingdon's liquidity and solvency improve or worsen during 2012?

(c) Using the data in the chapter, compare Huntingdon's liquidity and solvency with that of Plazacorp, First Capital Realty, and the industry for 2012 and 2011.

Solvency
Solvency means the ability of a business to fulfill its non-current financial liabilities. Often you have heard that the company X went insolvent, this means that the company X is no longer able to settle its noncurrent financial...

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a in millions 2012 2011 Working capital Working capital 103 5 30 8 72 7 77 3 78 0 0 7 Current ratio …View the full answer


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Related Book For  answer-question
Financial Accounting Tools for Business Decision Making

Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

See More Books
Question Details
Chapter # 2
Section: Exercises
Problem: 7
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Question Posted: January 11, 2017 09:42:22
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