Moore Corporation reported the following items at December 31, 2021, and 2020: Requirements 1. Compute the companys

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Moore Corporation reported the following items at December 31, 2021, and 2020: 


Requirements

1. Compute the company’s (a) quick (acid-test) ratio and (b) days’ sales outstanding for 2021. Evaluate each ratio value as strong or weak. All sales are on account with terms of net 30 days.

2. Recommend two ways for Moore to speed up its cash flow from receivables.

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Related Book For  book-img-for-question

Financial Accounting

ISBN: 9780136899037

13th Edition

Authors: C. William Thomas, Wendy M Tietz

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