Answer following question ( Learning Activity 1 and Learning Activity 2) with ORIGINAL response
This exercise in proper, scholarly citation is good practice for all course assignments-individual and group! Please refer to APA for formatting. For your information, an excerpt from the LA grading rubric criteria used to evaluate
Learning Activity 1:
Impart your understanding and organizational implications of the External and Internal Analysis! Using an actual organization, explain one practical example for each!
Learning Activity 2:
Quick Ratio
Dr. Suess, owner of "Fish and Tackle Store" is applying for a loan to remodel the storefront. The bank asks Dr. Suess for a balance sheet and he's says "oh snap!" so they can compute his quick ratio. His balance sheet is not detailed, but includes the following accounts:
- Inventory: $5,000
- Prepaid Taxes: $425
- Total Current Assets: $18,000
- Current Liabilities: $15,000
Compute and express the quick ratio and explain its implications!
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