# Question

The financial statements of Voyage, Inc., include the following items:

Requirement

1. Compute the following ratios for the current year:

(a) current ratio,

(b) quick ratio,

(c) cash conversion cycle,

(d) accounts receivable turnover,

(e) inventory turnover,

(f) gross profit percentage, and

(g) net income percentage.

Round all calculations to two decimal places, days to full days, and percentages to the nearest tenth of a percent. Assume all sales oncredit.

Requirement

1. Compute the following ratios for the current year:

(a) current ratio,

(b) quick ratio,

(c) cash conversion cycle,

(d) accounts receivable turnover,

(e) inventory turnover,

(f) gross profit percentage, and

(g) net income percentage.

Round all calculations to two decimal places, days to full days, and percentages to the nearest tenth of a percent. Assume all sales oncredit.

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