[Solved] Accounts Payable

You are an accounts payable manager at Tiptop Sellers, which is a medium-sized 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 the largest 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 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. Companies that had the lowest sales revenue had the lowest acid test ratio. Amazon has an acceptable current ratio and acid test ratio values. 2.) 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. For more information on Accounts Payable read this: https://en.wikipedia.org/wiki/Accounts_payable

So much stress and so little time? We’ve got you covered. Get your paper proofread, edited or written from scratch within the tight deadline.