Question: A: B: C: D: Calculate the quick assets (in $) and acid test ratio for the given company. Round ratios to the nearest hundredth. Company
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Calculate the quick assets (in $) and acid test ratio for the given company. Round ratios to the nearest hundredth. Company Current Assets Current Liabilities Cash Marketable Securities Accounts Receivable Quick Assets Acid Test Ratio a retail grocery chain $454,000 $134,000 $38,350 $96,000 $51,770 $ :1 Over the previous period, your company had accounts receivable of $95,400 and credit sales of $535,707.69. Calculate the average collection period (in days). (Round to the nearest day.) days Calculate the average inventory (in $) and inventory turnover ratio for the given company. (Round the inventory turnover ratio to one decimal place.) Company Beginning Inventory Ending Inventory Average Inventory Cost of Goods Sold Inventory Turnover an online gift retailer $856,930 $943,680 $ 86750 x $3,137,500 From the following data, find the 2019 Net Sales index number (as a %), using 2015 as the base year. (Round to the nearest tenth percent.) International Industries-5 Year Selected Financial Data 2019 2018 2017 2016 2015 Net Sales 491,390 459,620 488,960 461,280 431,500 Net Income 42,470 43,780 47,590 51,730 51,730 Total Assets 141,540 148,990 156,830 156,830 146,570 %
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