Question: (Learning Objective 4: Computing fi ve ratios) The fi nancial statements of Advent News, Inc., include the following items: Requirement 1. Compute the following

(Learning Objective 4: Computing fi ve ratios) The fi nancial statements of Advent News, Inc., include the following items:

❙ Requirement 1. Compute the following ratios for the current year:

a. Current ratio

d. Inventory resident period

b. Acid-test ratio

e. Payable outstanding period

c. Receivable collection period

f. Cash conversion cycle

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