Explore Westonci.ca, the leading Q&A site where experts provide accurate and helpful answers to all your questions. Explore thousands of questions and answers from knowledgeable experts in various fields on our Q&A platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

The comparative financial statements of marshall inc. Are as follows. The market price of marshall common stock was $82. 60 on december 31, 20y2.

Sagot :

It should be noted that the working capital will be $1584000, the current ratio is 2.80 while the quick ratio is 2.20.

From the complete information, the working capital is calculated thus:

= Current asset - Current liabilities

= 2464000 - 880000

= 1584000

The current ratio will be:

= Total current asset / Total current liabilities

= 2464000 / 880000

= 2.80

The quick ratio will be calculated thus:

Total current asset = 2464000

Less: Inventory = 420000

Less: Prepaid expenses = 108000.

Total quick assets = 1936000

Total current liabilities = 8800000

Quick ratio = 2.20

Learn more about quick ratio on:

https://brainly.com/question/5651245

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.