Question: Compute the following ratios for the current year: (Round your answers to 2 dcimal places.) Receivable turnover ratio Inventory turnover ratio Current ratio Cash


Compute the following ratios for the current year: (Round your answers to 2 dcimal places.) Receivable turnover ratio Inventory turnover ratio Current ratio Cash ratio Times interest earned ratio Cash coverage ratio Select Income Statement Information Net revenue Cost of goods sold Selling, general, and administrative expenses Interest expense Income tax expense Net income Select Statement of Cash Flows Information Cash paid for interest Cash flows from operating activities Select Balance Sheet Information Cash and equivalents Marketable securities Accounts receivable Inventories Prepaid expense and other current assets Accounts payable Current accrued expenses Current portion of long-term debt Other current liabilities Long-term debt Current Year $ 4,570 2,664 1,312 90 242 392 74 653 531 526 269 44 195 422 10 120 1,345 Prior Year $ 4,334 2,547 1,240 88 211 342 78 580 388 15 532 267 34 130 378 26 94 1,319
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To compute the ratios well use the following formulas 1 Receivable turnover ratio Net revenue Average accounts receivable 2 Inventory turnover ratio C... View full answer
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