| Summarized financial data for two competitors is set out below: | |||
| (All balances are as of 12/31/08 or for the year ended 12/31/08) Don't use plagiarized sources. Get Your Custom Essay on acounting fin data 461457 For $10/Page 0nly | |||
| Oscar Corp | Felix Corp | ||
| Sales revenue | 800,000 | 600,000 | |
| Total expenses | 400,000 | 200,000 | |
| Cash | 90,000 | 25,000 | |
| Accounts receivable | 120,000 | 75,000 | |
| Property plant and equipment, net | 250,000 | 225,000 | |
| Accounts payable | 95,000 | 60,000 | |
| Salaries payable | 75,000 | 35,000 | |
| Long term liabilities | 150,000 | 75,000 | |
| Common shares outstanding, beginning of year | 50,000 | 25,000 | |
| Common shares outstanding, end of year | 100,000 | 40,000 | |
No dividends were paid during 2008.
Which company appears more liquid? (Name a ratio used to determine)
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