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Category > Management Posted 25 Mar 2018 My Price 6.00

Walker Corporation

Problem 2-4  Financial Statement Ratios

The following items, in alphabetical order, are available from the records of Walker Corporation as of December 31, 2014 and 2013:

 

LO4

 

December 31, 2014           December 31, 2013

Accounts payable

$  8,400

$  5,200

Accounts receivable

27,830

35,770

Cash

20,200

19,450

Cleaning supplies

450

700

Interest payable

0

1,200

Inventory

24,600

26,200

Marketable securities

6,250

5,020

Note payable, due in six  months

0

12,000

Prepaid rent

3,600

4,800

Taxes payable

1,450

1,230

Wages payable

1,200

1,600

Required

1.        Calculate the following as of December 31, 2014, and December 31, 2013:

a.      Working capital

b.      Current ratio

2.        On the basis of your answers to (1), comment on the company’s relative liquidity at the beginning and end of the year. Explain the change in the company’s liquidity from the beginning to the end of 2014.

 

 

 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Mar 2018 05:03 AM My Price 6.00

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