The comparative financial statements of Sunset Pools I
Question and Solution
The comparative financial statements of Sunset Pools Inc. for 2017, 2016, and 2015 included the following selected dat
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The comparative financial statements of Sunset Pools Inc. for 2017, 2016, and 2015 included the following selected data: Requirements 1. Compute these ratios for 2017 and 2016: a. Current ratio b. Acid-test ratio c. Days' sales in receivables 2. Write a memo explaining to top management which ratio values improved from 2016 to 2017 and which ratio values deteriorated. State whether the overall trend is favourable or un-favourable, and give the reason for your evaluation. 3. Recommend two ways for Sunset Pools to improve cash flow from receivables?
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