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Problem 17-4A Ratio analysis L02,4 North Exploration Inc. and Eagle Minerals Inc, are similar firms that operate The following information is available: Eagle Minerals Inc. North Exploration Inc. 2016 2015 2017 20172016 2015 1.8 1.1 1.9 1.2 2.2 1.3 3.3 2.9 2.8 2.6 2.0 1.7 Quick ratio 15.2 13.0 16.0 12.6 turnover.. 30.5 25.2 29.2 24.2 21.917.1 16.4 14.5 Working capita.... $65,000 $53,000 $47.000 $126,000 $98.000 $73.000 Required The controller of your company has asked you to analyze the above two companies, so a deci- sion can be made on whether you should invest in either. Prepare a paragraph on each of the below items that you can give to the controller in a memo. Compare the current ratios and quick ratios and discuss. b. Discuss the working capital for each and which company may have greater liquidity. c. Compare the receivable and inventory turnovers d. How might obtaining industry standards affect the decision? a.
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