Using the information for Vision Inc in SE4 and SE5
Using the information for Vision, Inc., in SE4 and SE5, compute the current ratio, quick ratio, receivables turnover, days’ sales uncollected, inventory turnover, days’ inventory on hand, payables turnover, days’ payable, and financing period for 2013 and 2014. Inventories were $8,000 in 2012, $10,000 in 2013, and $14,000 in 2014. Accounts receivable were $12,000 in 2012, $16,000 in 2013, and $20,000 in 2014. Accounts payable were $18,000 in 2012, $20,000 in 2013, and $24,000 in 2014. The company had no marketable securities or prepaid assets. Comment on the results. (Round to one decimal place.)
In SE4, Vision, Inc.’s comparative income statements follow. Compute the amount and percentage changes for the income statements, and comment on the changes from 2013 to 2014. (Round the percentage changes to one decimal place.)


In SE5, Vision, Inc.’s comparative balance sheets follow. Prepare common-size statements and comment on the changes from 2013 to 2014. (Round to one decimalplace.)
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