ACC 205 Week 5 Exercise Assignment Financial Ratios Edison Stagg Thornton

1.

Edison Stagg Thornton

Cash 6,000 5,000 4,000

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

Total Current Assets 12,800

13,300 13,800

Accounts payable 200 200 200

Notes payable: short-term 3,100 3,100 3,100

Accrued payables 300 300 300

Total Current Liabilities 3,600 3,600 3,600

Edison:

Current ratio 12,800 / 3,600

Quick ration (6,000 3,000 2,000) / 3,600

Stagg:

Current ratio 13,300 / 3,600

Quick ration (5,000 2,500 2,500) / 3,600

Thornton:

Current ratio 13,800 / 3,600

Quick ratio (4,000 2,000 3,000)...