Auto Designs, Inc.
Use the selected data from the comparative financial statements for Auto Designs, Inc. to answer the questions that follow.

-Refer to the account information for Auto Designs, Inc.
REQUIRED:
Calculate the current and quick ratios for 2015 and 2014. Comment on the direction and significance of the change in the ratios.

Question

Auto Designs, Inc.
Use the selected data from the comparative financial statements for Auto Designs, Inc. to answer the questions that follow.
 
-Refer to the account information for Auto Designs, Inc.
REQUIRED:
Calculate the current and quick ratios for 2015 and 2014. Comment on the direction and significance of the change in the ratios.

Quizplus · Accepted Answer

The Answer of Auto Designs, Inc.
Use the selected data from the comparative financial statements for Auto Designs, Inc. to answer the questions that follow.
 
-Refer to the account information for Auto Designs, Inc.
REQUIRED:
Calculate the current and quick ratios for 2015 and 2014. Comment on the direction and significance of the change in the ratios.

Auto Designs, Inc. Use the Selected Data from the Comparative Financial Statements for Financial