Part 1 cash and cash equivalentsinstructionsa what is the, Ask an Expert

Accounting

Part 1 (Cash and Cash Equivalents)

Instructions
(a) What is the definition of a cash equivalent? Give some examples of cash equivalents. How do cash equivalents differ from other types of short-term investments?
(b) Calculate (1) the current ratio and (2) working capital for each company for 2011 and discuss your results.
(c) Is it possible to have too many liquid assets?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91775580

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