The financial statements and accompanying notes of Aritzia Inc. are presented in Appendix A at the end
Question:
The financial statements and accompanying notes of Aritzia Inc. are presented in Appendix A at the end of this book.
Instructions
a. What classifications does Aritzia use in its balance sheet?
b. In what order are Aritzia’s current assets listed? Its non-current assets?
c. What are Aritzia’s total current assets at March 1, 2020?
d. What are Aritzia’s total current liabilities at March 1, 2020?
e. Calculate Aritzia’s working capital, current ratio, and acid-test ratio for the fiscal years ended March 1, 2020 and 2019. Compare and comment on the results.
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Related Book For
Accounting Principles Volume 1
ISBN: 9781119786818
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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