Above information calculate the following ratios. Current Ratio Quick Ratio Inventory Turn over times Inventory Turn over
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Question:
- Above information calculate the following ratios.
- Current Ratio
- Quick Ratio
- Inventory Turn over times
- Inventory Turn over days
- Receivables Turn over days
- Receivables Turn over days
Analyse the answers derived from calculating the ratios
Item | Amount 000' |
Cost of Goods Sold | 12,000 |
Tax Expense | 280 |
Sales | 23,000 |
Cash | 2,000 |
Ending Inventory | 2,000 |
Accounts Receivable | 5,000 |
Admin Expense | 5,000 |
Depreciation | 2,930 |
Interest Expense | 900 |
Land | 23,000 |
Accumulated Depreciation | 11,000 |
Accounts Payable | 7,000 |
Long Term Loan | 6,000 |
Shares | 3,110 |
Capital | 3,000 |
Related Book For
Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders , Marcia Cornett
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