The quick balance, also known as the acid examen ratio, is used to footprint the short term liquidity of a company. It basically measures the ability of a company to pay its stream liabilities based on available cash, short term investments, and receivables. both(prenominal) Wal-Mart and laughingstock are multimillion dollars corporations and this has been widely known by many. ground on information taken from both the companies financial statements, which end be located on their bladesites, a quick ratio was performed to measure the liquidity of both the companies for the course of instruction 2004. At for the frontmost time sight, Wal-Marts earning seems to be a lot larger than stone pit. For the 2004 class in their annual report, Wal-Mart inform a net income of 9055 millions and drive reported 3,798 millions. Wal-Mart obviously made a larger quantity of currency that Target. Since the quick ratio measures the liquidity of a company, Wal-Mart demo a resul t showing 1.02 compared to targets 1.53. The quick ratio shows that although Wal-Mart is a ofttimes 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 exemplar for that year and above their own projections (Targets financial Data sum of money). References: Targets Financial Data Center (2005). Retrieved November 4, 2005, from www.target.com/findatacenter%NOV2005.html If you want to get a in force(p) essay, order it on our website:
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