The financial information below presents selected information from the financial statements of Pelican Company. Sales revenue...

  

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The financial information below presents selected information from the financial statements of Pelican Company. Sales revenue during the current year was $13,380,300 and cost of goods sold was $8,913,195. All of Pelican's sales are made on account and are due within 30 days. Cash and cash equivalents Accounts receivable Inventory Total current assets Total assets Total current liabilities Total liabilities Calculate the following: Current Ratio Prior Year Current Year $ 568,330 $ 631,780 4,710,000 3,816,000 a. Current ratios as of the end of the current and prior year. (Round your answers to 2 decimal places.) 936,360 1,271,440 8,300,030 8,240,100 11,116,020 10,996,000 7,760,300 6,436,000 8,465,900 8,272,700 Current Year Prior Year Receivables Turnover b. Calculate the receivables turnover ratio for the current year. (Round your answer to 2 decimal places.) c. Calculate the days to collect for the current year. (Round your intermediate calculations and final answers to 2 decimal place.) Days to Collect d. Calculate the inventory turnover ratio for the current year. (Round your answer to 2 decimal places.) Inventory Turnover Ratio e. Calculate the days to sell for the current year. (Round your intermediate calculations and final answers to 2 decimal place.) Days to Sell The financial information below presents selected information from the financial statements of Pelican Company. Sales revenue during the current year was $13,380,300 and cost of goods sold was $8,913,195. All of Pelican's sales are made on account and are due within 30 days. Cash and cash equivalents Accounts receivable Inventory Total current assets Total assets Total current liabilities Total liabilities Calculate the following: Current Ratio Prior Year Current Year $ 568,330 $ 631,780 4,710,000 3,816,000 a. Current ratios as of the end of the current and prior year. (Round your answers to 2 decimal places.) 936,360 1,271,440 8,300,030 8,240,100 11,116,020 10,996,000 7,760,300 6,436,000 8,465,900 8,272,700 Current Year Prior Year Receivables Turnover b. Calculate the receivables turnover ratio for the current year. (Round your answer to 2 decimal places.) c. Calculate the days to collect for the current year. (Round your intermediate calculations and final answers to 2 decimal place.) Days to Collect d. Calculate the inventory turnover ratio for the current year. (Round your answer to 2 decimal places.) Inventory Turnover Ratio e. Calculate the days to sell for the current year. (Round your intermediate calculations and final answers to 2 decimal place.) Days to Sell

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