2
answers
0
watching
16
views
11 Dec 2019
Current Position Analysis
Sherwood, Inc., the parent company of Tasty snack foods and Super beverages, had the following current assets and current liabilities at the end of two recent years:
Current Year
(in millions) Previous Year
(in millions) Cash and cash equivalents $2,008 $1,911 Short-term investments, at cost 1,426 3,549 Accounts and notes receivable, net 4,534 3,640 Inventories 1,992 1,993 Prepaid expenses and other current assets 664 737 Short-term obligations 266 2,821 Accounts payable 6,374 6,279
a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place.
Current Year Previous Year 1. Current ratio 2. Quick ratio
b. The liquidity of Sherwood has some over this time period. Both the current and quick ratios have . Sherwood is a company with resources for meeting short-term obligations. Its liquidity as measured by the current and quick ratios has during this period.
Current Position Analysis
Sherwood, Inc., the parent company of Tasty snack foods and Super beverages, had the following current assets and current liabilities at the end of two recent years:
Current Year (in millions) | Previous Year (in millions) | |||
Cash and cash equivalents | $2,008 | $1,911 | ||
Short-term investments, at cost | 1,426 | 3,549 | ||
Accounts and notes receivable, net | 4,534 | 3,640 | ||
Inventories | 1,992 | 1,993 | ||
Prepaid expenses and other current assets | 664 | 737 | ||
Short-term obligations | 266 | 2,821 | ||
Accounts payable | 6,374 | 6,279 |
a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place.
Current Year | Previous Year | |
1. Current ratio | ||
2. Quick ratio |
b. The liquidity of Sherwood has some over this time period. Both the current and quick ratios have . Sherwood is a company with resources for meeting short-term obligations. Its liquidity as measured by the current and quick ratios has during this period.
sabark12Lv3
1 Jun 2023
Unlock all answers
Get 1 free homework help answer.
Already have an account? Log in
Reid WolffLv2
13 Dec 2019
Get unlimited access
Already have an account? Log in