ACC 205 Entire Course(New)
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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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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....