a Based on these data calculate the following for 2010
a. Based on these data, calculate the following for 2010 and 2009:
1. Days’ sales in receivables
2. Accounts receivable turnover (gross receivables at year- end)
3. Days’ sales in inventory
4. Inventory turnover (use inventory at year- end)
5. Working capital
6. Current ratio
7. Acid- test ratio
b. Comment on each ratio individually
c. Comment on the apparent total liquidity

Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help