Question: 11 - 16. Calculate the following ratios using the given financial data from your company. Note: Current Assets =(Cash + Cash Equivalents + Accounts Receivable
11 - 16. Calculate the following ratios using the given financial data from your company. Note: Current Assets =(Cash + Cash Equivalents + Accounts Receivable + Inventory) Credit Sales $1,700,000 Total Ending Liabilities $1,425,000 Ending Common Stock Equity = $390,000 Beginning Inventory $800,000 Total Ending Current Liabilities $767,000 Cost of Goods Sold $980,000 Total Ending Cash $350,000 11 - 16. Calculate the following ratios using the given financial data from your company. Note: Current Assets =(Cash + Cash Equivalents + Accounts Receivable + Inventory) Credit Sales $1,700,000 Total Ending Liabilities $1,425,000 Ending Common Stock Equity = $390,000 Beginning Inventory $800,000 Total Ending Current Liabilities $767,000 Cost of Goods Sold $980,000 Total Ending Cash $350,000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
