Potash Corporation of Saskatchewan is the worlds largest fertilizer company, producing the three primary crop nutrients potash,

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Potash Corporation of Saskatchewan is the world€™s largest fertilizer company, producing the three primary crop nutrients potash, phosphate and nitrogen. Potash Corp. is a major player in meeting the growing challenge of feeding the world, and has operations and business interests in seven countries. Selected financial statement information for this company over the most recent four- year period is shown below ( in millions of U. S. dollars):
Potash Corporation of Saskatchewan is the world€™s largest fertilizer company,

Required:
1. Compute the quick ratio for each of the four years, and comment on the four- year trend of the ratio.
2. Compute the trade payables turnover ratio and the average age of payables for the years 2010€“ 2012. Did the company improve on its management of trade payables? Explain.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Financial Accounting

ISBN: 978-1259103285

5th Canadian edition

Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M

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