Big Game Inc. operates gaming stores across the country. Selected comparative financial statement data are shown below
Question:
Big Game Inc. operates gaming stores across the country. Selected comparative financial statement data are shown below
Instructions
a. Calculate the following liquidity ratios for 2024 and 2023.
1. Current ratio
2. Acid-test ratio
3. Receivables turnover
4. Collection period
5. Inventory turnover
6. Days sales in inventory
7. Operating cycle
b. Indicate whether each of the liquidity ratios calculated in part (a) is better or worse in 2024.
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Related Book For
Accounting Principles Volume 2
ISBN: 9781119786634
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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