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(Answered) Liquidity management Bauman Company's total current assets


Liquidity management Bauman Company's total current assets, net working capital, and inventory for each of the past four years follow;Item 2005 2006 2007 2008;Total current assets $16,950 $17,450 $18,230 $20,165;Net working capital 7,950 8,760 9,765 12,035;Inventory 7,000 8,150 9,600 8,130;a. Calculate the firm's current and quick ratios for each year. Compare the resulting time series of each measure of liquidity.;b. Comment on the firm's liquidity over the 2005-2008 period.;c. If you were told that Bauman Company's average age of inventory for each year in the 2005-2008 period and the industry averages were as follows, would this support or conflict with your evaluation in part b?explain.;Average age of inventory (in days) 2005 2006 2007 2008;Bauman Company 52.1 53.7 57.9 61.4;Industry average 34.4 32.6 33.8 33.2;Attachments;Q-4.docx
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Liquidity management Bauman Company's total current assets

 


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