Question: Selected comparative financial statement data for Tri Town Inc. are shown below. Tri town inc Statement of financial position (partial) December 31 (in thousands) 2018

Selected comparative financial statement data for Tri Town Inc. are shown below.

                         Tri town inc 

   Statement of financial position (partial) 

                   December 31 

                     (in thousands) 

                                                          2018            2017             2016 

Current assets 

Cash                                                $ 30              $ 91             $ 60 

Held for trading investments         55                 60                40 

Accounts receivable, net               679                591             495 

Inventory                                         630                 523             571 

Prepaid expenses                            41                    52               29 

Total current assets                   $ 1,435           $ 1,317       $ 1,195 

Total current liabilities                 $ 879               $ 819           $ 746 


Additional information: (in thousands) 2018 2017 2016 Allowance for doubtful accounts 50

 Calculate all possible liquidity ratios for 2018 and 2017.

Additional information: (in thousands) 2018 2017 2016 Allowance for doubtful accounts 50 $ 45 40 Net credit sales 4,176 3,903 3,730 Cost of goods sold 2,917 2,636 2,350

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