Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. marquis and bloom company are similar firms that o

Marquis and Bloom Company are similar firms that operate in the same industry. The following...

50.1K

Verified Solution

Question

Accounting

Marquis and Bloom Company are similar firms that operate in the same industry. The following data on each company is below: Current Ratio Acid-test ratio Accounts Receivable Turnover Merchandise Marquis Company 2020 22 1.8 11.5 9.8 Bloom Company 2021 2.9 24 11.0 M W 9.2 2022 2020 2021 2022 3.0 24 2.0 2.0 3.2 1.1 1.3 1.0 12.0 12.9 125 13.4 Short Answer Toolbar navigation 9.9 11.8 Inventory Turnover Working Capital $55,000 $72,000 $78,000 $69,000 $77,000 $89,000 Oper 13.9 Required: Compare the liquidity positions of both companies. Include a discussion on the relative ability of both companies to meet current obligations and to use current assets efficiently. 14.1

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A student reads that the majority of greenhouse gas emissions is carbon dioxide. The student...

Biology
Q

Mo Rocka is transferred to a new job by her employer. Thetransfer meets the...

Accounting
Q

In 2018, the Marion Company purchased land containing a mineralmine for $1,670,000. Additional costs...

Accounting
Q

QUESTION 4 A. Write about the following: i. Cell membranes are composed primarily of phospholipids and proteins. ii. The...

Medical Sciences
Q

2.A n+400-k VA, 2300+n- 230+n-v, 60-hz transformer supplies a 0.8 lagging power-factor load whose KVA Is...

Electrical Engineering
Q

In the arrangement of a spring block system the pulleys and the springs are massless...

Physics
Q

Which of the following graphs corresponds to the following set 1 0 O 4 3...

Statistics
Q

1 point A cable hangs between two poles of equal height and 37 feet apart...

Algebra
Q

PT. ABC produces bookshelves with projected sales for the first quarter of the coming...

Accounting
Q

Sales = 45,000 Variable costs = 33,000 Contribution margin = 12,000 Fixed Expenses = 9,600...

Accounting
Q

Using the information below, calculate the cost of goods manufactured for the period: Beginning Raw...

Accounting
Q

Assume risk-neutrality. A European call option with a strike price of $20.40 which expires in...

Finance