# ACC 205 New Course Material - ashacc205dotcom

## ACC 205 New Course Material - ashacc205dotcom

ACC 205 Entire Course(New)

For more course tutorials visit
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ACC 205 Week 1 DQ 1 Accounting Equation
ACC 205 Week 1 DQ 2 Accounts
ACC 205 Week 1 Journal Balance Sheet Journal
ACC 205 Week 2 DQ 1 Accounting Cycle
ACC 205 Week 2 DQ 2 Bank Reconciliation
ACC 205 Week 2 Journal Income Statement Journal
ACC 205 Week 3 DQ 1 LIFO vs. FIFO
ACC 205 Week 3 DQ 2 Depreciation
ACC 205 Week 3 Journal Inventory Journal
ACC 205 Week 4 DQ 1 Current Liability
ACC 205 Week 4 DQ 2 Client Recommendations
ACC 205 Week 4 Journal Future Obligations Journal
ACC 205 Week 5 Journal Most Important Ratio Journal
ACC 205 Week 5 Journal Most Important Ratio Journal
ACC 205 Week 5 Exercise Assignment Financial Ratios
ACC 205 Week 4 Exercise Assignment Liability
ACC 205 Week 1 Exercise Assignment Basic Accounting Equations
ACC 205 Week 3 Exercise Assignment Inventory
ACC 205 Week 2 Exercise Assignment Revenue and Expenses

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ACC 205 Week 5 Exercise Assignment Financial Ratios(New)

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Financial Ratios

1 1. Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10:

Edison Stagg Thornton
Cash \$4,000 \$2,500 \$1,000
Short-term investments 3,000 2,500 2,000
Accounts receivable 2,000 2,500 3,000
Inventory 1,000 2,500 4,000
Prepaid expenses 800 800 800
Accounts payable 200 200 200
Notes payable: short-term 3,100 3,100 3,100
Accrued payables 300 300 300
Long-term liabilities 3,800 3,800 3,800

2 Compute the current and quick ratios for each of the three companies. (Round calculations to two decimal places.) Which firm is the most liquid? Why?
3 Suppose Thornton is using FIFO for inventory valuation and Edison is using LIFO. Comment on the comparability of information between these two companies.
4 If all...