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LiChan LiChan
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7 years ago
A five year comparative analysis of Purple Puff Company's current ratio and quick ratio are presented below:
   2006   2005   2004   2003   2002
Current ratio   5.76   5.25   4.00   3.64   1.76
Quick ratio   .45   .50   1.00   1.27   1.40

What does this analysis tell you about the overall liquidity of Purple Puff Company over the five-year period? What does this analysis tell you about what has happened to the composition of Puff's current assets over the five-year period?
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
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hol23hol23
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LiChan Author
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7 years ago
Wow!
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