Robin Sporting Goods reported the following data at July 31, 2018, with amounts in thousands: 1. Calculate
Question:
Robin Sporting Goods reported the following data at July 31, 2018, with amounts in thousands:
1. Calculate Robin’s net working capital.
2. Calculate Robin’s current ratio. Round to two decimal places.
3. Calculate Robin’s debt ratio. Round to two decimal places.
Do these values and ratios look strong, weak, or in between?
Transcribed Image Text:
A1 Robin Sporting Goods Company Income Statement Year ended July 31, 2018 2 (Amounts in thousands) 3 Net revenues $191,000 136,800 4 Cost of goods sold 5 All other expenses Net income $ 25,200 A1 Robin Sporting Goods Company Statement of Retained Earnings Year ended July 31, 2018 2 (Amounts in thousands) 3 Retained earnings, July 31, 2017 4 Add: Net income 5 Retained earnings, July 31, 2018 $31,500 25,200 $56,700
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Related Book For
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
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