3. What should Canada, the US, and other countries be doing with their fiscal policy? Why? What type of fiscal policy should each be using?You need to have a minimum of 3 comments
 

Transcribed Image Text:

Selected financial data for Bellevue Ltd. are shown below. Accounts receivable (gross) Inventory Total current assets Total current liabilities Credit sales Cost of goods sold Current ratio Receivables turnover 2021 Inventory turnover $852,000 1,017,000 2020 $759,000 2021 996,000 2,124,000 998,000 1,080,000 6,523,000 6,210,000 4,556,000 4,580,000 3,984,000 (a) Calculate current ratio, receivables turnover ratio and inventory turnover ratio for 2021 and 2020. (Rou place, e.g. 15.2.) 2019 2,027,000 1,720,000 1,237,000 :1 $658,000 times 852,000 times 5,353,000 2020 :1 times times. Selected financial data for Bellevue Ltd. are shown below. Accounts receivable (gross) Inventory Total current assets Total current liabilities Credit sales Cost of goods sold Current ratio Receivables turnover 2021 Inventory turnover $852,000 1,017,000 2020 $759,000 2021 996,000 2,124,000 998,000 1,080,000 6,523,000 6,210,000 4,556,000 4,580,000 3,984,000 (a) Calculate current ratio, receivables turnover ratio and inventory turnover ratio for 2021 and 2020. (Rou place, e.g. 15.2.) 2019 2,027,000 1,720,000 1,237,000 :1 $658,000 times 852,000 times 5,353,000 2020 :1 times times.

Answer rating: 100% (QA)

Lets calculate the requested financial ratios for Bellevue Ltd for 2021 and 2020 1 Current Ratio Cur... View the full answer