EYK10-4. Financial Analysis Problem Abbott Laboratories is a diversified health care company devoted to the...
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EYK10-4. Financial Analysis Problem Abbott Laboratories is a diversified health care company devoted to the discovery, development, manufacture, and marketing of innovative products that improve diagnostic, therapeutic, and nutritional practices. The company's balance sheet for three recent years contains the following data: 10 Acco 2017 2016 $18,620,000 155,000 3,248,000 2,434,000 2,319,000 $ 9,407,000 203,000 5,249.000 3,601,000 1,687,000 $20,147,000 $ 8,912,000 2015 $ 5,001.000 1.124.000 3,418.000 2,599.000 2,013,000 Cash and cash equivalents Short-term investments Trade receivables (net of allowance) Inventories Other current assets. Total current assets Total current liabilities... $26,776,000 $14,155,000 $ 6,660,000 $9,186,000 Required a. Compute the current ratio for 2015-2017. b. Compute the quick ratio for 2015-2017. Comment on the three-year trend in these ratios
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