Reference no: EM13257897
The following data were taken from the balance sheet of Outdoor Supplier Company:
Dec. 31,2008 Dec. 31, 2007
Cash 325,000 300,000
Marketablesecurities 270,000 256,000
Accounts and notes receivable(net) 440,000 430,000
Inventories 675,000 557,000
Prepaidexpenses 130,000 81,000
Accounts and notes payable(short-term) 425,000 450,000
Accruedliabilities 150,000 130,000
- Determine for each year (1) the working capital,(2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place.
- What conclusions can be drawn from these data as to thecompany's ability to meet its currently maturing debts?
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