The financial data for Alouette Resources Ltd. are as follows (amounts in thousands): Required a. Calculate the

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The financial data for Alouette Resources Ltd. are as follows (amounts in thousands):


Required

a. Calculate the current and quick ratios for 2021 through 2024. 

b. Comment on Alouette’s short-term liquidity position. 

c. Is your analysis in part (a) a trend analysis or a cross-sectional analysis? What is this type of analysis most useful for?
d. Which ratio do you think is the better measure of short-term liquidity for Alouette? Can you tell? Explain. What would your answer depend on?

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Related Book For  book-img-for-question

Understanding Financial Accounting

ISBN: 9781119715474

3rd Canadian Edition

Authors: Christopher D. Burnley

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