The following ratios are available for Garcia Inc. Instructions (a) Is Garcias short-term liquidity improving or deteriorating
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Instructions
(a) Is Garcia€™s short-term liquidity improving or deteriorating in 2010? Be specific in your answer, referring to relevant ratios.
(b) Do changes in turnover ratios affect profitability? Explain.
(c) Identify any steps Garcia might have taken, or might wish to take, to improve its management of its receivables and inventoryturnover.
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a At first glance it appears that Garcias liquidity had deteriorated over the past year since the companys current ratio has fallen from 151 to 131 Ho...View the full answer
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Related Book For 
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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