# ACC 205 NEW Course Tutorial / Uoptutorial

## ACC 205 NEW Course Tutorial / Uoptutorial

• Date Submitted: 11/18/2014 9:08 PM
• Words: 2122
• Page: 9
• Views: 1

ACC 205 Entire Course(New)
For more course tutorials visit
www.uoptutorial.com

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

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

ACC 205 Week 5 Exercise Assignment Financial Ratios(New)
For more course tutorials visit
www.uoptutorial.com

Week Five Exercise Assignment
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 3,8000

1. 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?
2....