The Robinson Company has the following current assets and current liabilities for these two years: a. Compare

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The Robinson Company has the following current assets and current liabilities for these two years:

2016 2017 Cash and marketable securities $50,000 $50,000 Accounts receivable 300,000 350,000 Inventories 350,000 500,000

a. Compare the current ratios between the two years.

b. Compare the acid test ratios between 2016 and 2017. Comment on your findings.

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Related Book For answer-question

Introduction to Finance Markets, Investments and Financial Management

ISBN: 978-1119398288

16th edition

Authors: Ronald W. Melicher, Edgar A. Norton

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Question Posted: Jun 12, 2019 10:50 AM

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The Robinson Company has the following current assets and current liabilities for these two years: a. Compare

Question:

2016 2017 Cash and marketable securities $50,000 $50,000 Accounts receivable 300,000 350,000 Inventories 350,000 500,000 $700,000 Total current assets $900,000 Accounts payable $200,000 $250,000 Bank loan $150,000 Accruals $150,000 $200,000 Total current liabilities $350,000 $600,000

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a 2016 700000350000 20 2017 900000600000 15 Liquid...View the full answer

Introduction to Finance Markets, Investments and Financial Management

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