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

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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