Answer To: I have to do P3-13, P3-14, P3-15, P3-16. I will attach the problems in an email that will be sent...
Ashish answered on Apr 19 2021
P3-13
Solution-a
Current Ratio = Current Assets / Current Liabilities
Current Ratio (2012) = $16,950 / $9,000
Current Ratio (2012) = 1.88 times
Current Ratio (2013) = $21,900 / $12,600
Current Ratio (2013) = 1.74 times
Current Ratio (2014) = $22,500 / $12,600
Current Ratio (2014) = 1.79 times
Current Ratio (2015) = $27,000 / $17,400
Current Ratio (2015) = 1.55 times
Quick Ratio = (Current Assets – Inventory) / Current Liabilities
Quick Ratio (2012) = ($16,950 – $6,000) / $9,000
Quick Ratio (2012) = 1.22 times
Quick Ratio (2013) = ($21,900 - $6,900) / $12,600
Quick Ratio (2013) = 1.19 times
Quick Ratio (2014) = ($22,500 - $6,900) / $12,600
Quick Ratio (2014) = 1.24 times
Quick Ratio (2015) = ($27,000 - $7,200) / $17,400
Quick Ratio (2015) = 1.14 times
Net working capital = Current Assets - Current Liabilities
Net working capital (2012) = $16,950 - $9,000
Net working capital (2012) = $7,950
Net working capital (2013) = $21,900 - $12,600
Net working capital (2013) = $9,300
Net working capital (2014)...