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Selected Companies Financial Performance Paper.
Title: Selected Companies Financial Performance Paper.
Category: Society & Culture / Education
Details: Words: 237 | Pages: 1.0 (approximately 235 words/page)
Selected Companies Financial Performance Paper.
The quick ratio, also known as the acid test ratio, is used to measure the short term liquidity of a company. It basically measures the ability of a company to pay its current liabilities based on available cash, short term investments, and receivables. Both Wal-Mart and target are multimillion dollars corporations and this has been widely known by many. Based on information taken from both the companies' financial statements, which can be located on their …showed first 75 words of 237 total…
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…showed last 75 words of 237 total…of a company, Wal-Mart demonstrated a result showing 1.02 compared to targets 1.53. The quick ratio shows that although Wal-Mart is a much larger corporation in the year 2004, Target performed better. In a news report posted on targets web site, it is stated that Target performed well above the industries standard for that year and above their own projections ("Target's Financial Data Center").
References:
"Target's Financial Data Center" (2005). Retrieved November 4, 2005, from
www.target.com/findatacenter%NOV2005.html
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