Question: 1. Based on the information in table 1, the quick ratio is ? 2. The average collection period is? 3. The debt to capital ratio
Assets: Cash and marketable securities $400,000 Accounts receivable 1,415,000 Inventories 1.847.500 Prepaid expenses 24.000 Total current assets 3,686,500 Fixed assets 2,800,000 Less: accum. depr (1.087.500 Net fixed assets 1.712.50 Total assets $5.399.000 Liabilities Accounts payable Notes payable 875.00 Accrued taxes 92.00 Total current liabilities $1.567.000 Long-term debt 900.000 Common Stock (100.000 shares) 00.000 Retained Earnings .232.000 Total liabilities and owner's equity $5.399.000 Income statement Net sales fall credit) $6.375.000 Less: Cost of goods sold Selling and administrative Depreciation expense 000 000) interest expen 0001 (100 000 arnings before taxes 65.00 Unconie taxes 06.000 et utcome
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