Answered: Working Capital Current Ratio Quick…

Working Capital Current Ratio Quick Ratio / Acid Test Ratio Cash Ratio 2019 48, 250,000 1.69 1.35 0.66 2020 62, 204, 000 1.80 1.48 1.49 2021 63, 142, 000 1.85 1.43 1.39

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business

Section: Chapter Questions

Problem 4CE

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First Philippine Holdings Corporation Liquidity Ratio

1. Discussion and analysis of Liquidity Ratio.

2. Overview of the business performance over the past three years and discussion of the analysis of liquidity.

Working Capital
Current Ratio
Quick Ratio / Acid Test
Ratio
Cash Ratio
2019
48, 250,000
1.69
1.35
0.66
2020
62, 204,000
1.80
1.48
1.49
2021
63, 142, 000
1.85
1.43
1.39
5

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