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I will pay for the following article Current Ratio of Levy and Parcells. The work is to be 6 pages with three to five sources, with in-text citations and a reference page.
I will pay for the following article Current Ratio of Levy and Parcells. The work is to be 6 pages with three to five sources, with in-text citations and a reference page. From the above-mentioned table and graph, it is very clear that The company is among those companies which meet with its short-term financial promises pertinently. Throughout the analytical period, the CR of the company remained above the psychological level of 1 which is showing that the company is proactive towards meeting its short-term financial promises. The CR of The company was way above the psychological level of 1 in the fiscal year 2001 which increased for two consecutive years by 38 and 15 basis points FY 2002 and 2003 respectively because of the augmentation in the current asset’s figures by 4.02% and 2.54% respectively.
High fluctuation among the figures of CR, Current Assets, and Current Liabilities has been envisaged throughout the selected analytical period. All of these three things came in positive and negative after every single or pair of years. The CR of the company remained in the congestion band from 1:5 to 2:8 except for one year in which the CR of the company touched the record level of 3:5 because of the increment in total current assets of the company by 66.50% in the fiscal year 2006.
The average CR of The company is 2:26 which is way above the psychological level of 1 which is showing that the company always meets its short-term obligation plausibly. This provision can be extremely momentous from the standpoint of the company and its shareholders. It's time to move towards to second liquidity ratio which is a quick ratio.The LP partnership was formed on January 1, 19X7, by investments from Bill Levy and Marv Parcells. Levy contributed $30,000 cash and $80,000 of land. Parcells contributed cash of $50,000 and equipment with a value of $20,000. Prepare the journal entries needed to record the investments of Levy and Parcells.
