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Category > Accounting Posted 29 Apr 2017 My Price 3.00

Exercise 2-4 Current Ratio

Exercise 2-4 Current Ratio

Baldwin Corp. reported the following current accounts at the end of two recent years:

December 31, 2014           December 31, 2013

 

Cash

$  3,000

$  6,000

Accounts receivable

15,000

10,000

Inventory

12,000

8,000

Accounts payable

12,000

7,000

Wages payable

2,000

1,000

Notes payable

6,000

4,000

Required

1.        Compute Baldwin’s current ratio at the end of each of the two years.

2.        How has Baldwin’s liquidity changed at the end of 2014 compared to the end of 2013?

3.        Comment on the relative composition of Baldwin’s current assets at the end of 2014 com- pared to the end of 2013.

 

Jan 29 2016 1

Answers

Alpha Geek
(8)
Status NEW Posted 29 Apr 2017 06:04 AM My Price 3.00

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