The following information was taken from the financial statements of Connor Cookers and Olson Ovens: Required For

Question:

The following information was taken from the of Connor Cookers and Olson Ovens:

The following information was taken from the financial statements of

Required
For each company, compute the following 2012 ratios: receivables turnover ratio, inventory turnover ratio, current ratio, and quick ratio. Based in your calculations, discuss the liquidity of each company.

Inventory Turnover Ratio
Inventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,... Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...