Southern Inc. operates department stores in numerous states. Selected financial statement data (in millions) for 2009 are

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Southern Inc. operates department stores in numerous states. Selected financial statement data (in millions) for 2009 are presented here.

Southern Inc. operates department stores in numerous states. Sel

For the year, net credit sales were $8,828 million, cost of goods sold was $5,526 million, and cash from operations was $161 million.

Compute the following.
Current ratio
Current cash debt coverage
Receivables turnover
Average collection period
Inventory turnover
Days ininventory

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119493631

9th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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