06 Dec You are an accounts payable manager at Tiptop Sellers, which is a medium size department store.
You are an accounts payable manager at Tiptop Sellers, which is a medium size department store. The company is having liquidity issues and needs to free up cash for expansion projects. You have come across the Wall Street Journal article entitled, “Delaying Payments to Suppliers Helps Companies Unlock Cash”. The article gives you some ideas for increasing liquidity, but you need to do more industry analysis. To help you understand liquidity within the retail sector, your boss creates a dashboard visualization using financial data from largest the five retailers mentioned in the article. The data is sourced from the Reuters website which is publicly available. She asks you to interpret the data and answer the questions below.
Click here to view the data in Tableau, and here to view it in Power BI. (The Tableau and Power BI files contain the same data; you can use either to answer the questions in this assignment. Your instructor may specify which program they prefer you to use!)
How to Access Tableau: You can open the Tableau file in this problem statement with Tableau Desktop software. If you don’t have Tableau Desktop, you can download Tableau Reader, a free program that allows you to open Tableau visualizations. To get it, search for “Tableau Reader” in your internet browser, or click here.
How to Access Power BI: You can open the Power BI file in this problem statement with Power BI Desktop. If you don’t have it already, search for “Power BI download” in your internet browser, or click here for a free download.
1. Which company has the highest current ratio compared to the other companies?
Costco
Walmart
Walgreens
Amazon
2. Which company had a decrease in the acid test ratio from 2018 to 2019?
Walmart
Costco
Walgreens
Amazon
3. Which of the following statement is true?
Companies that had the largest sales revenue had the highest current ratio.
There is no relationship between the amount of sales revenue and the value of the current ratio.
Amazon has acceptable current ratio and acid test ratio values.
Companies that had the lowest sales revenue had the lowest acid test ratio.
4. What can be concluded from the dashboard?
Walmart’s Other Current Assets can be used to pay its immediate debts.
The retail sectors share a common quick ratio that can be used as an industry benchmark.
The value of Cash & Equivalents is directly correlated with the company’s total revenue.
Walmart’s creditors will have concern over Walmart’s ability to pay.
You are an accounts payable manager at Tiptop Sellers, which is a medium size department store. The company is having liquidity issues and needs to free up cash for expansion projects. You have come across the Wall Street Journal article entitled, “Delaying Payments to Suppliers Helps Companies Unlock Cash”. The article gives you some ideas for increasing liquidity, but you need to do more industry analysis. To help you understand liquidity within the retail sector, your boss creates a dashboard visualization using financial data from largest the five retailers mentioned in the article. The data is sourced from the Reuters website which is publicly available. She asks you to interpret the data and answer the questions below.
Click here to view the data in Tableau, and here to view it in Power BI. (The Tableau and Power BI files contain the same data; you can use either to answer the questions in this assignment. Your instructor may specify which program they prefer you to use!)
How to Access Tableau: You can open the Tableau file in this problem statement with Tableau Desktop software. If you don’t have Tableau Desktop, you can download Tableau Reader, a free program that allows you to open Tableau visualizations. To get it, search for “Tableau Reader” in your internet browser, or click here.
How to Access Power BI: You can open the Power BI file in this problem statement with Power BI Desktop. If you don’t have it already, search for “Power BI download” in your internet browser, or click here for a free download.
A. If the average quick ratio was calculated using the values from the dashboard, can it be used as a benchmark for TipTop Sellers? What should be considered when using the average quick ratio as a benchmark?
B. How would you assess the current ratio and the acid test ratio for these five companies? What strategies or tactics can retail companies use to increase their current ratio and acid test ratio?
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Wridemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.