18 points 3 each) Selected financial statement data for Mure Company are presented below December 31, 2015 December 31, 2014 Cash $ 40,000 $30,000 Short term investments 20,000 18,000 Receivables (net) 100,000 90,000 Inventories 80,000 60,000 Total current liabilities 100,000 90,000 During 2015, net sales were $950,000, and cost of goods sold was $770,000 Instructions Compute the following ratios at December 31, 2015 (a) Current ratio (b) Acid test ratio (c) Accounts receivable turnover (d) Days sales in accounts receivable (e) Inventory turnover (f) Days sales in inventory Paragraph

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Question: 18 points - 3 each) Selected financial statement data for Mure Company are presented below. December 31, 2015 December 31, 2014 Cash $ 40,000 $30,000

18 points - 3 each) Selected financial statement data for Mure Company are presented below.

December 31, 2015

December 31, 2014

Cash	$ 40,000	$30,000
Short-term investments	20,000	18,000
Receivables (net)	100,000	90,000
Inventories	80,000	60,000
Total current liabilities	100,000	90,000

During 2015, net sales were $950,000, and cost of goods sold was $770,000. Instructions Compute the following ratios at December 31, 2015: (a) Current ratio (b) Acid-test ratio. (c) Accounts receivable turnover. (d) Days sales in accounts receivable. (e) Inventory turnover. (f) Days sales in inventory.

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