32) The comparative financial statements of Walters Company for 2015, 2014, and 2003 contain the following selected data: 2015 2014 2013 Cash and Cash Equivalents $80 $75 $60 Short-Term Investments 100 100 100 Accounts Receivable, net 230 225 250 Inventory 500 400 300 Prepaid Insurance 50 60 70 Accounts Payable 200 200 200 Interest Payable 300 200 100 Short-Term Note Payable 1,000 500 200 Long-Term Note Payable 1,000 500 100 Net Cash Sales 2,000 1,500 1,000 Net Credit Sales 2,000 1,900 1,800 Compute the following ratios for 2015 and 2014 and indicate which ratios improved and which ratios deteriorated: a. Current ratio b. Quick ratio c. Days' sales in receivables

32) The comparative financial statements of Walters Company for 2015, 2014, and 2003 contain the following selected data: 2015 2014 2013 Cash and Cash Equivalents $80 ...

32) The comparative financial statements of Walters Company for 2015, 2014, and 2003 contain the following selected data:

Compute the following ratios for 2015 and 2014 and indicate which ratios improved and which ratios deteriorated:

a. Current ratio

b. Quick ratio

c. Days' sales in receivables

May 15, 2022