Selected 2016 balance sheet and income statement information for two manufacturing companies: Canyonlands, Inc. and Bryce Corporation follows:
A. Calculate the current ratio and quick ratio for both companies.
B. Which company is more liquid?
C. Calculate the times interest earned and debt-to-equity ratio for both companies.
D. Which company is more solvent?

Question

Selected 2016 balance sheet and income statement information for two manufacturing companies: Canyonlands, Inc. and Bryce Corporation follows:
  A. Calculate the current ratio and quick ratio for both companies.
B. Which company is more liquid?
C. Calculate the times interest earned and debt-to-equity ratio for both companies.
D. Which company is more solvent?

Quizplus · Accepted Answer

The Answer of Selected 2016 balance sheet and income statement information for two manufacturing companies: Canyonlands, Inc. and Bryce Corporation follows:
  A. Calculate the current ratio and quick ratio for both companies.
B. Which company is more liquid?
C. Calculate the times interest earned and debt-to-equity ratio for both companies.
D. Which company is more solvent?

Selected 2016 Balance Sheet and Income Statement Information for Two