Question

Using the information for Otis, Inc., in SE and SE, compute current ratio, quick ratio, receivable turnover, days’ sales uncollected, inventory turnover, days’ inventory on hand, payables turnover, and days’ payable for 2011 and 2012. Inventories were $8,000 in 2010, $10,000 in 2011, and $14,000 in 2012. Accounts receivable were $12,000 in 2010, $16,000 in 2011, and $20,000 in 2012. Accounts payable were $18,000 in 2010, $20,000 in 2011, and $24,000 in 2012. The company had no marketable securities or prepaid assets. Comment on the results. (Note: Round computations to one decimal place.)
In SE, The comparative income statements and balance sheets of Otis, Inc., appear below. Compute the amount and percentage changes for the income statements and comment on the changes from 2011 to 2012. (Round the percentage changes to one decimalplace.


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  • CreatedSeptember 10, 2014
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