Selected financial statement data for Grayson Ltd are presented below. For the year, net sales were $3894

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Selected financial statement data for Grayson Ltd are presented below.

For the year, net sales were $3894 million, cost of sales was $2600 million, and cash from operations was $215 million. 


Required

Calculate the current ratio, quick ratio, current cash debt coverage, receivables turnover, average collection period, inventory turnover, and average days in inventory.

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Related Book For  book-img-for-question

Financial Accounting Reporting Analysis And Decision Making

ISBN: 9780730313748

5th Edition

Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong

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